A(n) ________ Trust Is One That Cannot Be Changed

question 67

Multiple Choice

A(n) ________ trust is one that cannot be changed.

• A) revocable living
• B) spendthrift
• C) irrevocable living
• D) retirement

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Definitions:

Accounts Payable

An account showing the amount of money owed by a company to its creditors for goods or services that have been delivered or used but not yet paid for.

Operations Section

The operations section of a business plan outlines how the company will function on a day-to-day basis, covering production, facilities, and logistics.

Common Stock

Equity securities representing ownership in a corporation, entitling holders to a share of the profits in the form of dividends.

Dividends

Payments made to shareholders out of a company's profits or reserves, representing the shareholders' share in the earnings of the company.