A Remainderman Is __________

question 71

Multiple Choice

A remainderman is __________.

• A)a stockbroker who remained working on Wall Street after the 1987 crash
• B)an employee of a trustee
• C)one who receives interest and dividend income from a trust during their lifetime
• D)one who receives the principal of a trust when it is dissolved
• E)none of the above

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Definitions:

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Total Cost

The overall amount of money spent on production, which includes both fixed and variable expenses.

Market Price

The prevailing market rate at which a service or asset is offered for purchase or sale.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship, that sells goods or services in exchange for money.