Under the Revised Uniform Principal and Income Act,gains or Losses

question 23

Multiple Choice

Under the Revised Uniform Principal and Income Act,gains or losses incurred on investments that occur after the death of the decedent

• A)are considered to be income of the estate.
• B)are included in the inventory fair value at the time of death.
• C)are taxed separately from other estate income.
• D)are adjustments to the principal of the estate.

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Definitions:

Summary

A brief statement or account of the main points of something.

Mnemonist

An individual with the ability to remember vast amounts of information, sometimes with the help of advanced mnemonic techniques.

Hypnotist

A practitioner who induces a state of consciousness in a person in which they purportedly lose the power of voluntary action and become highly responsive to suggestion or direction.

Plausible

An adjective describing something that appears to be reasonable or probable, making it worthy of belief or acceptance.