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The Gable Trust Reports $20,000 Business Income and $10,000 Exempt

question 83

True/False

The Gable Trust reports $20,000 business income and $10,000 exempt interest income, and it paid a $3,000 fiduciary fee. Gable's distributable net income includes $10,000 of net tax-exempt interest income.

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Definitions:

Agenda

A calendar, containing both specific and vague items, that covers short-term goals and long-term objectives.

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