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Which of the following statements with respect to income trusts and mutual funds is NOT correct? Select one: O A. Business income received by an
Which of the following statements with respect to income trusts and mutual funds is NOT correct? Select one: O A. Business income received by an income trust will be distributed to investors as business income. OB. Eligible dividends received by a mutual fund will be distributed to investors as eligible dividends. OC. When an income trust makes a capital distribution, the amount received by a unit holder will be deducted from the adjusted cost base of the units held. OD. Mutual funds can be organized as either trusts or corporations
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