Question
Wayne, age 44, died suddenly in an accident. He leaves behind his spouse, Rhianna and their four teenage daughters, Roya, Ryan, Ryland and Rebecca. Wayne
Wayne, age 44, died suddenly in an accident. He leaves behind his spouse, Rhianna and their four teenage daughters, Roya, Ryan, Ryland and Rebecca. Wayne did not have a will and leaves behind the following assets:
House $1,189,673 (Joint ownership with Rhianna) Life Insurance $432,064 (Beneficiary: Estate) TFSA $53,518 (Beneficiary: None) RRSP $331,479 (Beneficiary: None) Assuming Wayne and Rhianna live in Ontario, how much will Roya inherit from his estate? Round your answer to the nearest dollar. Do not include symbols or signs. Note: Ignore EAT
Your Answer:
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J Weygandt, Paul D Kimmel, Jill E Mitchell
9th Edition
9781119754053
