A Distribution from OAA Is Taxable

question 78

True/False

A distribution from OAA is taxable.

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Definitions:

Front-end Load

A commission or sales charge applied at the time of the initial purchase of an investment.

SEC Rule 12b-1

A regulation by the U.S. Securities and Exchange Commission that allows mutual funds to charge their shareholders for advertising and sales promotion expenses.

Marketing Expenses

Costs associated with promoting a company, product, or service, including advertising, product samples, and event sponsorships.

Fund Assets

The total value of all the securities and cash held by an investment fund.