Examlex
Donald is the trustee of a trust set up by Simpson, with Adams as beneficiary. The trust property consists almost entirely of income-producing real property--office buildings, apartment complexes, etc. By putting a "P" or an "I" in the appropriate space, indicate whether the following fund transactions should be allocated to principal (P) or to income(I).
___1. Rental income received from tenants on trust property.
___2. Capital gains realized from the sale of trust real estate.
___3. Property tax payments on trust property.
___4. Building management fees for trust property.
___5. Costs of ordinary repairs to trust property.
___6. Property insurance premiums on trust property.
___7. The cost of long-term permanent improvements to trust property.
Neoteny
Process in which juvenile stages of predecessors become adult features of descendants; idea derived from the observation that more recently evolved species resemble the young of their common ancestors.
Brain Cells
Cells located in the brain, including neurons and glial cells, responsible for processing information and supporting brain function.
Genetic Diversity
The total number of genetic characteristics in the genetic makeup of a species, contributing to variations among individuals and populations.
Neoteny
The retention of juvenile features in the adult animal, a phenomenon observed in some species which results in adult individuals retaining traits typically only seen in juveniles.
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