Question
Greg died on July 1, 2021, and left Lea, his wife, a $95,000 life insurance policy which she elects to receive at $9,500 per
Greg died on July 1, 2021, and left Lea, his wife, a $95,000 life insurance policy which she elects to receive at $9,500 per year plus interest for 5 years. In the current year, Lea receives $11.875 How much should Lea include in her gross income?
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Core Concepts of Accounting
Authors: Cecily A. Raiborn
2nd edition
470499478, 978-0470499474
