Question: What does fresh start accounting mean? When it is utilized, how are a company's assets and its liabilities reported? What do you know about statement

What does fresh start accounting mean? When it is utilized, how are a company's assets and its liabilities reported? What do you know about statement of realization and liquidation? What is the difference between estate and trust? Is there a different treatment taxation wise? What do you know about probate law? What are its objectives? Who pays gift tax? If a person dies without leaving a valid will, how is the distribution of the property regulated?

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