44.Which of the following is correct?

a.for fiduciary accounting, the allocation of receipts and disbursements between income and principal is based primarily on the governing instrument (will or trust agreement) and secondarily on state law (principal and income act).

b.for fiduciary accounting, the accounting period must be identical to the income tax period for the estate or trust (calendar year or fiscal year).

c.for fiduciary accounting GAAP (generally accepted accounting principles) apply along with the state's principal and income act and prevail in the event of a conflict.

d.for fiduciary accounting, a certified public accountant must prepare the accounting in order for the shortest statue of limitation to apply.