Question
which of the following is not one of the important purposes of distributable net income (DNI)? a. DNI limits the amount includable in the taxable
which of the following is not one of the important purposes of distributable net income (DNI)?
a. DNI limits the amount includable in the taxable income of the beneficiaries
b. DNI is used to calculate the amount of gift tax owed by beneficiaries.
c. DNI is used to prorate the character of income.
d. DNI limits the amount deducted by the trust for amounts paid, credited, or required to be distributed to beneficiaries
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Accounting Information Systems And Internal Control
Authors: Eddy Vaassen, Roger Meuwissen, Caren Schelleman
2nd Edition
0470753951, 9780470753958
