Question
As a general rule, a trust may qualify as a simple trust if 1.The trust instrument requires that all income must be distributed currently. 2.The
As a general rule, a trust may qualify as a simple trust if
1.The trust instrument requires that all income must be distributed currently.
2.The trust does not distribute amounts allocated to the corpus of the trust.
3.The trust has no provisions for charitable contributions.
4.All of the answers are correct.
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Financial Accounting
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
6th Edition
1618533118, 978-1618533111
