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Home Q & A Board Other Fields Homework Help Business Accounting
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Mandarini Mandarini
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7 years ago
A trust document does not define income and principal. The state in which the trust is operated has adopted the Uniform Act. The trust reports the following:

Dividends   $2,500
Capital gain   1,500
Tax return preparation fee   200
Trustee fees, all charged to income   100

What is the amount of trust's net accounting income?
Textbook 
Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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RimounRimoun
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7 years ago
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Mandarini Author
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#2
6 years ago
Thank you!!
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