Which of the following is income in respect of a decedent?
A. Cash received from a grandmother's estate.
B. Royalties received on the deceased father's published book; the right to receive these royalties was distributed from the father's estate.
C. Certificate of deposit received as a gift.
D. Both cash received from a grandmother's estate AND royalties received on the deceased father's published book; the right to receive these royalties was distributed from the father's estate.
Answer: B. Royalties received on the deceased father's published book; the right to receive these royalties was distributed from the father's estate.
You might also like to view...
The quantity of a good or service that manufacturers or owners are willing to sell at different prices during a specific time period is known as the:
A. supply of that product. B. demand for that product. C. elasticity of that product. D. utility of that product.
Which of the following is NOT a critical operational value difference?
A) time B) etiquette C) material factors D) change