The governing instrument for the Lopez Trust contains no definitions of income and principal. The Trust is locat state that has adopted the Uniform Act. In the current year, the trust reports the following receipts and disburse Dividends $\quad$$\quad \$ 10,000$
Proceeds from sales of stock, including $\$ \mathbf { 1 0 , 0 0 0 }$ of gain $\quad$$\$ 40,000$
Trustee's fee, all charged to income $\quad \$ 500$
CPA's fee for preparation of $\operatorname { tax }$ return $\$ 200$ What is the trust's net accounting income?

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The Answer of The governing instrument for the Lopez Trust contains no definitions of income and principal. The Trust is locat state that has adopted the Uniform Act. In the current year, the trust reports the following receipts and disburse Dividends $\quad$$\quad \$ 10,000$
Proceeds from sales of stock, including $\$ \mathbf { 1 0 , 0 0 0 }$ of gain $\quad$$\$ 40,000$
Trustee's fee, all charged to income $\quad \$ 500$
CPA's fee for preparation of $\operatorname { tax }$ return $\$ 200$ What is the trust's net accounting income?

The Governing Instrument for the Lopez Trust Contains No Definitions \quad

The Governing Instrument for the Lopez Trust Contains No Definitions $\quad$