Who Receives the Trust Res on the Termination of a Trust

question 75

Multiple Choice

Who receives the trust res on the termination of a trust?

• A) the heir
• B) the trustor
• C) the remainder beneficiary
• D) the income beneficiary

---

Definitions:

Sale of Equipment

a transaction where a business disposes of machinery or equipment, typically recorded as an incoming cash flow or gain/loss in financial statements.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial statements.

Direct Method

A cash flow statement presentation method that shows actual cash flows from operating activities, detailing specific sources and uses of cash, as opposed to the indirect method which adjusts net income for non-cash transactions.

Dividends

Regular payments made by a corporation to its shareholders out of its profits or reserves.