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A trust has net accounting income of $15,000. In addition, the trust has a $10,000 capital gain, which is not included in net accounting income. The trust is required to distribute the trust income to the beneficiary. The beneficiary will receive
Colonized
The action or process of settling among and establishing control over the indigenous people of an area.
English
A West Germanic language originating in England and now widely spoken and recognized as an official or global lingua franca.
Maori
The indigenous Polynesian people of mainland New Zealand, who have a rich culture with traditional language, mythology, crafts, and performing arts.
Nonindustrial Societies
Societies that do not rely on large-scale industry and technology for their economic production, often based on subsistence farming or pastoralism.
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