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A Trust Document Does Not Define Income and Principal

question 31

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A trust document does not define income and principal.The state in which the trust is operated has adopted the Uniform Act.The trust reports the following: A trust document does not define income and principal.The state in which the trust is operated has adopted the Uniform Act.The trust reports the following:    What is the amount of trust's net accounting income?
What is the amount of trust's net accounting income?


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