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Which of the following statements concerning estates is (are) correct? I. The administration of a decedents estate should generally exist for an unlimited period of

Which of the following statements concerning estates is (are) correct? I. The administration of a decedents 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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