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Exam Code: 1z0-1055-20

Exam Name: Oracle Financials Cloud: Payables 2020 Implementation Essentials

Certification Provider: Oracle

Related Certification: Oracle Financials Cloud: Payables 2020 Implementation Essentials

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NEW QUESTION: 1
A mother died leaving her property equally to her wealthy daughter and her poor son. The daughter wishes to disclaim her share of the inheritance so that it will pass to her brother without her incurring any gift tax liability. Assume that the disclaimer is written, is timely, and is irrevocable. Which of the following statements concerning an additional requirement of a qualified disclaimer is (are) correct?
1.The daughter refusal must direct specifically that her brother is to receive her inheritance.
2.The daughter must not have received any part of her inheritance or any income from it prior to her refusal to accept it.
A. Neither 1 nor 2
B. 2 only
C. 1 only
D. Both 1 and 2
Answer: B

NEW QUESTION: 2
DRAG DROP




Answer:
Explanation:



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