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Which of the Following Best Defines an Income Trust

Question 60

Multiple Choice

Which of the following best defines an income trust?


A) a fund that is set up for the purchase of debt for the company
B) a fund that is set up to receive the after-tax dividends of the corporation
C) a fund that is set up to receive the before-tax cash payments of the corporation
D) a fund that holds assets for the corporation

Correct Answer:

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