While the GRAT Is in Effect,the Grantor Retains the Voting

question 29

True/False

While the GRAT is in effect,the grantor retains the voting power and receives the interest income from the property in the trust.At the end of the trust (not to exceed 10 years),the property passes to the beneficiaries (heirs).

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Cash Flow

The total amount of money being transferred into and out of a business, especially as affecting liquidity.

Operations

Activities involved in the day-to-day running of a business for the purpose of producing value for the stakeholders.

Accounts Receivable

Money owed to a company by its customers for goods or services provided on credit.

Financing Activities

Transactions and events that affect long-term liabilities and equity of an entity, reflected in the cash flow statement.