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A Trust Document Does Not Define Income or Principal  Net business profits $20,000 Net rental income 5,000\begin{array}{ll}\text { Net business profits } & \$ 20,000 \\\text { Net rental income } & 5,000\end{array}

question 36

Essay

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:
 Net business profits $20,000 Net rental income 5,000\begin{array}{ll}\text { Net business profits } & \$ 20,000 \\\text { Net rental income } & 5,000\end{array}
Proceeds from stock sale
 (including $10,000 gain) 50,000 Trustee fee (charged to income) 2,000 Depreciation 3,000\begin{array}{ll}\text { (including } \$ 10,000 \text { gain) } & 50,000 \\\text { Trustee fee (charged to income) } & 2,000 \\\text { Depreciation } & 3,000\end{array}
What is the amount of the trust's net accounting income?

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Definitions:

Manifest Content

The explicit or surface content of a communication or text, as opposed to its latent or underlying meanings.

Content Analysis

A research technique used to systematically analyze texts or media content to quantify patterns, themes, or biases.

Computer Software

Programs and operating information used by a computer to perform specific tasks.

Content Analysis

A methodological tool used in qualitative and quantitative research to evaluate the presence of certain words, concepts, or themes within texts or sets of texts.

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