Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. chris has investments with abc on-line trading. up

Chris has investments with ABC On-Line Trading. Upon his death, the assets were automatically transferred...

50.1K

Verified Solution

Question

Finance

Chris has investments with ABC On-Line Trading. Upon his death, the assets were automatically transferred to his beneficiaries. Why? Group of answer choices

a. The assets automatically transferred to his beneficiaries because a transfer on death was filed.

b. The assets cannot be transferred to beneficiaries and must be liquidated.

c. The probate courts allow investments to automatically transfer at death to beneficiaries.

d. At death ABC automatically sells and distributes assets to his beneficiaries as a taxable event.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Company A is considering going public and is trying to determine its value based on its...

Finance
Q

First, search the internet for the official website of a nonprofit organization that interests you (The...

Accounting
Q

2 2 27 34 A narrow slit of width 2 mm is illuminated by monochromatic...

Physics
Q

29 Determine whether the dilation from Figure A to Figure B is a reduction or...

Geometry
Q

70 80 90 100 A 110 70 80 90 B 100 110 Given the two...

Statistics
Q

Using Question 11 answer the following question Use your calculator to calculate the standard deviation...

Statistics
Q

22 25 Find the logarithm of log 9 without using a calculato 7 and f...

Calculus
Q

Kubin Company's relevant range of production is 18,000 to 22,000 units. When it produces and...

Accounting
Q

Question 1 [5 points] Enter the missing piece of information in the table below. For...

Accounting
Q

Wie Company has been operating for just 2 years, producing specialty golf equipment for women...

Accounting
Q

If a company is using the lower-of-cost-or-net realizable value rule and a write-down is required,...

Accounting
Q

MARK2010 Marketing Analytics Practice (Conditional Trend Analysis) a) Provide two benefits that Conditional Trend Analysis...

Accounting