Question
21. Donny owns a life insurance policy and does not name anyone as a beneficiary. When Donny dies, under New York law, everything that he
21. Donny owns a life insurance policy and does not name anyone as a beneficiary. When Donny dies, under New York law, everything that he owns goes to his wife, Martha. Donny's life insurance policy will be included in his gross estate even though he did not name anyone as a beneficiary. True or False?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1-119-4110, 1119411483, 9781119411017, 978-1119411482
