In Reference to Estate Principal and Income,which of the Following

question 6

Multiple Choice

In reference to estate principal and income,which of the following statements is correct?

• A)A primary reason for dividing estate principal and estate income is that the beneficiaries are often different.
• B)In accounting for the decedent's estate,the receipts earned but not yet received at the date of death are considered estate income.
• C)After death,earnings from income-producing property owned at the time of death are considered estate principal.
• D)Expenses incurred after death to administer the estate are first charged against income earned after death.

---

Definitions:

Vocational Training

An education program that prepares individuals for specific trades, crafts, or careers at various levels from a trade, a craft, technician, or a professional position in engineering, accountancy, nursing, medicine, architecture, pharmacy, or law.

White Philanthropists

Individuals from white communities who donate their resources or time to support charitable causes, often with a focus on addressing social inequalities.

Theodore Roosevelt

The 26th President of the United States, known for his progressive policies and leadership of the Rough Riders in the Spanish-American War.

White Southerners

Refers to white inhabitants of the Southern United States, a group historically significant for its role in the Civil War, segregation, and the civil rights movement.