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The governing instrument for the Lopez Trust contains no definitions of income and principal.The Trust is located in a state that has adopted the Uniform Act.In the current year,the trust reports the following receipts and disbursements:
What is the trust's net accounting income?
Quantifier
In logic, an expression (such as "all", "some", or "no") that indicates the quantity of specimens to which a proposition applies.
Atomic Open Sentence
A sentence in formal logic that contains a variable and becomes a proposition when the variable is replaced by a definite term.
Truth-functional
Pertaining to a logical or linguistic expression whose truth or falsehood depends only on the truth or falsehood of its components.
Atomic
Pertaining to atoms, the smallest units of matter that retain the properties of an element.
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