30. Why is the distinction between principal and income so important in accounting for most trusts?

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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Question Posted: Jul 23, 2024 07:03 AM

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30. Why is the distinction between principal and income so important in accounting for most trusts?

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Advanced Accounting

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