Question
Problem 19-33 (LO 19-2) Marie Hardys will has the following provisions: I leave the cash balance deposited in the First National Bank (up to a
Problem 19-33 (LO 19-2)
Marie Hardys will has the following provisions:
"I leave the cash balance deposited in the First National Bank (up to a total of $53,500) to Jack Abrams. I leave $19,400 cash to Suzanne Benton. I leave 1,090 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed."
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Assume that the estate has the following assets: $36,200 cash in the First National Bank, $17,200 cash in the New Hampshire Savings and Loan, 820 shares of Coca-Cola stock, 1,270 shares of Xerox stock, a house, and other property valued at $14,900. What distributions will be made from this estate?
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Assume that the estate has the following assets: $57,500 cash in the First National Bank, $5,700 cash in the New Hampshire Savings and Loan, 1,270 shares of Coca-Cola stock, 580 shares of Xerox stock, and other property valued at $28,000. What distributions will be made from this estate?
(Make estate distributions in the order mentioned in the question.)
Problem 19-33 (LO 19-2)
Marie Hardys will has the following provisions:
"I leave the cash balance deposited in the First National Bank (up to a total of $53,500) to Jack Abrams. I leave $19,400 cash to Suzanne Benton. I leave 1,090 shares of Coca-Cola Company stock to Cindy Cheng. I leave my house to Dennis Davis. I leave all of my other assets and properties to Wilbur N. Ed."
-
Assume that the estate has the following assets: $36,200 cash in the First National Bank, $17,200 cash in the New Hampshire Savings and Loan, 820 shares of Coca-Cola stock, 1,270 shares of Xerox stock, a house, and other property valued at $14,900. What distributions will be made from this estate?
-
Assume that the estate has the following assets: $57,500 cash in the First National Bank, $5,700 cash in the New Hampshire Savings and Loan, 1,270 shares of Coca-Cola stock, 580 shares of Xerox stock, and other property valued at $28,000. What distributions will be made from this estate?
(Make estate distributions in the order mentioned in the question.)
shares a. Cash Cash Coca-Cola stock House Other property Cash Cash Coca-Cola stock shares House Other property
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