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7. Which of the following statements about a complex trust is true? a. The trustee has no discretion on the distribution of income. O b.
7. Which of the following statements about a complex trust is true? a. The trustee has no discretion on the distribution of income. O b. Beneficiaries may receive only mandatory distributions. O c. The trustee may distribute corpus or income accumulated in prior years. O d. The trust is prohibited from making charitable distributions
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International Financial Management
Authors: Jeff Madura
2nd Edition
0314430296, 978-0314430298
