In Computing Distributable Net Income (DNI) for a Trust, One

question 111

True/False

In computing distributable net income (DNI) for a trust, one removes any net capital gain or loss that is allocable to income.

---

Definitions:

Negative Feedback

A type of constructive criticism that points out what is wrong or areas for improvement.

Bloom's Taxonomy

A hierarchical classification of different levels of thinking that educators use to develop learning objectives, ranging from basic knowledge acquisition to more complex forms of critical thinking and synthesis.

Educational Objectives

Goals set by educators to guide the learning process and outcomes of students.

Probability

The measure of the likelihood that a particular event will occur, often expressed as a ratio or percentage.