Panther Trust Has Net Accounting Income and Distributable Net Income

question 56

Multiple Choice

Panther Trust has net accounting income and distributable net income of $100,000, $75,000 from taxable sources and $25,000 from tax-exempt sources. During the year, the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is

• A)$25,000.
• B)$50,000.
• C)$75,000.
• D)$100,000.

---

Definitions:

Direct-Cinema

A documentary film style that aims to observe life as it happens, without intervention or manipulation, emphasizing natural actions and authentic narratives.

Gene Hackman

An acclaimed American actor known for his versatility and powerful performances in a wide range of film genres.

Also Sprach Zarathustra

A tone poem by Richard Strauss, inspired by Friedrich Nietzsche's philosophical novel of the same name.

Human Evolution

The lengthy process of change and development by which human beings emerged as a distinct species.