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Which two statements do NOT correctly describe distributable net income (DNI)? A.DNI is determined by subtracting deductions for distributions, as well as other deductions such

Which two statements do NOT correctly describe distributable net income (DNI)?

A.DNI is determined by subtracting deductions for distributions, as well as other deductions such as charitable contributions and investment advisor fees.

B.DNI limits the portion of distributions that is taxable to beneficiaries.

C.DNI includes items of income and expense that are used to determine the amount the beneficiaries are entitled to receive from the trust each year.

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