A Trust Has Net Accounting Income of $15,000

question 66

Multiple Choice

A trust has net accounting income of $15,000. In addition, the trust has a $10,000 capital gain, which is not included in net accounting income. The trust is required to distribute the trust income to the beneficiary. The beneficiary will receive

• A)$10,000.
• B)$15,000.
• C)$24,700.
• D)$25,000.

---

Definitions:

Pictorial Depth

The aspect of art and visual perception that conveys a sense of three-dimensionality on a flat surface, using cues like perspective and shading.

Height In Plane

The measurement of an object's elevation or altitude in relation to a base level, typically in the context of aviation or topography.

Moon Illusion

The moon illusion is an optical illusion where the moon appears larger when it is close to the horizon than when it is higher in the sky, despite having the same actual size.

Horizon

The line at which the earth's surface and the sky appear to meet, or metaphorically, the limit of a person's knowledge, experience, or interest.