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The accounting process that an executor of an estate uses is designed to Multiple choice question. report all estate assets at fair value and fairly
The accounting process that an executor of an estate uses is designed to Multiple choice question. report all estate assets at fair value and fairly apportion gains and losses between income and principal. demonstrate the proper management and distribution of the assets of the estate. record legacies and devises at historical value when reporting to the probate court. record debts, taxes and other obligations on an accrual basis so that beneficiaries can monitor the payments
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