9. How does a devise differ from a legacy? a. A devise is a gift of money

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9. How does a devise differ from a legacy?

a. A devise is a gift of money and a legacy is a nonmonetary gift.

b. A devise is a gift to an individual and a legacy is a gift to a charity or other organization.

c. A devise is a gift of real property and a legacy is a gift of personal property.

d. A devise is a gift made prior to death and a legacy is a gift made at death.

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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