A trust document does not define income or principal.The state in which the trust is operated has adopted the Uniform Act,including allocation of depreciation to income.The trust reports the following:
Proceeds from stock sale
What is the amount of the trust's net accounting income?

Question

A trust document does not define income or principal.The state in which the trust is operated has adopted the Uniform Act,including allocation of depreciation to income.The trust reports the following:
  Proceeds from stock sale
  What is the amount of the trust's net accounting income?

Quizplus · Accepted Answer

The Answer of A trust document does not define income or principal.The state in which the trust is operated has adopted the Uniform Act,including allocation of depreciation to income.The trust reports the following:
  Proceeds from stock sale
  What is the amount of the trust's net accounting income?

A Trust Document Does Not Define Income or Principal