In Reference to Estate Principal and Income,which of the Following

question 6

Multiple Choice

In reference to estate principal and income,which of the following statements is correct?

• A)A primary reason for dividing estate principal and estate income is that the beneficiaries are often different.
• B)In accounting for the decedent's estate,the receipts earned but not yet received at the date of death are considered estate income.
• C)After death,earnings from income-producing property owned at the time of death are considered estate principal.
• D)Expenses incurred after death to administer the estate are first charged against income earned after death.

---

Definitions:

Timeliness

The degree to which a given activity or response is done or occurs at a suitable or opportune time.

Task at Hand

The immediate job or duty that requires attention, focus, and completion by an individual or team.

Reliable Information

Information that is consistently accurate and trustworthy over time.

Useful Information

Data or knowledge that can be applied to make informed decisions or solve problems effectively.