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: $\begin{array}{lr}
\text { Dividends } & \$ 2,500 \
\text { Capital gain } & 1,500 \
\text { Tax return preparation fee } & 200 \
\text { Trustee fees, all charged to income } & 100
\end{array}$ What is the amount of trust's net accounting income?

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The Answer of 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: $\begin{array}{lr}
\text { Dividends } & \$ 2,500 \
\text { Capital gain } & 1,500 \
\text { Tax return preparation fee } & 200 \
\text { Trustee fees, all charged to income } & 100
\end{array}$ What is the amount of trust's net accounting income?

A Trust Document Does Not Define Income and Principal What Is the Amount of Trust's Net Accounting Income