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The Governing Instrument for the Lopez Trust Contains No Definitions

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The governing instrument for the Lopez Trust contains no definitions of income and principal. The Trust is locat state that has adopted the Uniform Act. In the current year, the trust reports the following receipts and disburse The governing instrument for the Lopez Trust contains no definitions of income and principal. The Trust is locat state that has adopted the Uniform Act. In the current year, the trust reports the following receipts and disburse   What is the trust's net accounting income? What is the trust's net accounting income?


Definitions:

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