Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)State trust law preempts the trust document when defining income.
• B)The Uniform Act on principal and income requires depreciation to be charged against income.
• C)A statement in the trust instrument concerning the allocation of depreciation to principal or income overrides a provision of state law.
• D)The Uniform Act allocates royalties to both principal and income.

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Definitions:

Constituent Theories

The foundational theories or principles that make up a larger theoretical framework or system.

Presuppositions

Implicit assumptions or beliefs that are taken for granted without being explicitly stated or examined.

Central Ideas

The main points or underlying messages that are fundamental to understanding a particular topic or piece of work.

Nursing Care

The services and interventions provided by nurses to promote, maintain, or restore health or to prevent illness.