Pursuant to per capita distribution, all the lineal descendants equally share the property of the estate

Indicate whether the statement is true or false

TRUE

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For convenience, pricing objectives can be divided into three categories. They are:

a. refundable, competitive, and attainable. b. perceived, actual, and situational. c. differentiated, niche, and undifferentiated. d. profit oriented, sales oriented, and status quo.

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A violation of the profession's ethical standards would most likely have occurred when a CPA in public practice

a. Used a records-retention agency to store the CPA's working papers and client records b. Served as an expert witness in a damage suit and received compensation based on the amount awarded to the plaintiff c. Referred life insurance assignments to the CPA's spouse, who is a life insurance agent d. Serves on a municipal board of income tax appeals, discloses that status to concerned parties, participates as a board member in a tax appeal involving a client, but does not receive the client's consent for such action

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