Which Type of Trust Is Designed to Take Effect on the Completion

question 75

Multiple Choice

Which type of trust is designed to take effect on the completion of a specified behavior?

• A) Constructive
• B) Family incentive
• C) Implied
• D) Involuntary
• E) Living

---

Definitions:

Long-Term Investment

Assets that a company intends to hold for more than one year, including stocks, bonds, real estate, and other securities.

Acquisition Method

An accounting approach used for consolidating the financial statements of a parent company and its subsidiaries.

Voting Common Shares

Shares of common stock that provide the shareholder with the right to vote on corporate matters.