Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)State trust law preempts the trust document when defining income.
• B)The Uniform Act on principal and income requires depreciation to be charged against income.
• C)A statement in the trust instrument concerning the allocation of depreciation to principal or income overrides a provision of state law.
• D)The Uniform Act allocates royalties to both principal and income.

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Definitions:

Organization Spokesperson

An individual designated by an organization to officially communicate its messages, policies, and statements to the public and the media.

Media Relations Specialist

A professional responsible for building and maintaining positive relationships between their organization and the media, aiming to generate favorable media coverage.

Pew Research Center

An American think tank based in Washington, D.C., that provides information on social issues, public opinion, and demographic trends shaping the United States and the world.

Television Industry

A sector comprising companies and professionals involved in the production, distribution, and broadcasting of television content.