Question 5 Which of the following statements concerning estates is (are) correct? I. The administration of a
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Question:
Which of the following statements concerning estates is (are) correct?
I. The administration of a decedent's estate should generally exist for an unlimited period of time.
II. An estate is considered a separate tax entity for federal income tax purposes.
A. I only
B. II only
C. Both I and II
D. Neither I nor II
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