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Question 5 Which of the following statements concerning estates is (are) correct? I. The administration of a decedent's estate should generally exist for an unlimited

Question 5

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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