Question
The Andrew Weissman trust received invome, net of allocated expenses in the following amounts: $50000 capital gain $4000 qualified dividends $8000 taxable interest The trust
The Andrew Weissman trust received invome, net of allocated expenses in the following amounts:
$50000 capital gain
$4000 qualified dividends
$8000 taxable interest
The trust document allocates capital gains to trust principal. How much is the trusts distribution net income (DNI)?
1- $ 8000
2- $12000
3- $58000
4- $62000
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
