A Tax Entity, Often Called a Fiduciary, Includes All of the Following

question 7

Multiple Choice

A tax entity, often called a fiduciary, includes all of the following except

• A)estates.
• B)complex trusts.
• C)testamentary trusts.
• D)All of the above are fiduciaries.

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Definitions:

Venture Capital

Financing provided to new business ventures by professional, outside investors—that is, venture capitalists, usually groups of wealthy investors and securities firms.

Securities

Generally, stocks, bonds, or other items that represent an ownership interest in a corporation or a promise of repayment of debt by a corporation.

Ownership Share

The portion of a company or property legally owned by an individual or entity, often represented as a percentage.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.