Which of the Following Arises When There Has Been an Incomplete

question 83

Multiple Choice

Which of the following arises when there has been an incomplete disposition of trust property and the creation of a trust is necessary to effectuate a settlor's intent or avoid unjust enrichment?

• A)Express trust
• B)Spendthrift trust
• C)Totten trust
• D)Resulting trust

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Definitions:

Noncontrolling Interest

Refers to the portion of equity in a subsidiary not attributable directly or indirectly to the parent company.

Acquisition-Date Fair Value

The fair value of an asset or liability at the date it is acquired in a business combination.

Combined Book Value

The total value of a company's assets as recorded in its financial books, excluding intangible items and liabilities.