Which of the Following Is Not an Example of Income

question 6

Multiple Choice

Which of the following is not an example of income in an estate?

• A)​Business profits.
• B)​Gain or loss on disposition or transfer of estate principal.
• C)​Rents collected or accrued.
• D)​Interest on monies lent.

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Definitions:

Communicate

The act of conveying information or expressing thoughts and feelings through speech, writing, or other forms of expression.

Code of Ethics

A written set of guidelines that outlines the ethical standards and expected behaviors for professionals in a specific field.

Professional Responsibility

The ethical and professional obligations that individuals in a profession are expected to uphold.

Living Will

A legal document stating a person's wishes regarding medical treatment in circumstances where they are no longer able to express informed consent.