Identify Which of the Following Statements Is False

question 105

Multiple Choice

Identify which of the following statements is false.

• A)State trust law preempts the trust document when defining income.
• B)The Uniform Act on principal and income requires depreciation to be charged against income.
• C)A statement in the trust instrument concerning the allocation of depreciation to principal or income overrides a provision of state law.
• D)The Uniform Act allocates royalties to both principal and income.

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Definitions:

Sex Variant Genitalia

Refers to a range of physical variations in the genitalia that do not fit typical binary notions of male or female bodies.

Glass Ceiling

An invisible barrier that prevents marginalized or minority groups, particularly women, from advancing beyond a certain level in a hierarchy or organization, despite qualifications or achievements.

Precarious Employment

Employment that includes, but is not limited to, part-time, temporary, or contract work with uncertain hours, low wages, and limited to no benefits.

Transgender

Refers to individuals whose gender identity does not align with the sex they were assigned at birth.