A valid will may be automatically revoked by a change in family status

Indicate whether the statement is true or false

TRUE

Business

You might also like to view...

Newton Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Newton Company wrote off the $3,000 uncollectible account of its customer, P. Best. The journal entry on May 3 is:

a. Dr allowance for doubtful debts 3000 Cr account receivable 3000 b. Dr bad debt expense 3000 Cr account receivable 3000 c. Dr bad debt expense 3000 Cr Allowance for doubtful debt 3000 d. Dr account receivable 3000 Cr bad debt expense 3000 e. Dr Accounts receivable 3000 Cr Cash 3000

Business

Which of the following statements is false concerning air pollution control?

A) Mobile sources of air pollution include industrial plant, oil refineries, and public utilities. B) The Environmental protection Agency enforces the provisions of the Clean Air Act. C) The Clean Air Act was enacted in 1963 to assist states in dealing with air pollution. D) The Clean Air Act authorizes the EPA to regulate air pollution caused by fuel and fuel additives.

Business