Business, 16.04.2020 02:56 sanfratello1081
The trustee of the Wicks Trust has the discretion to distribute the income or corpus of the trust in any proportion between the two beneficiaries of the trust, Yvonne and Myra.
Under the trust instrument, Yvonne must receive $40,000 from the trust every year.
In the current year, the trust's accounting income is $150,000, and its DNI is $140,000.
In addition to the required $40,000, the trustee pays Yvonne $50,000 and Myra $50,000.
What amount income is recognized by the beneficiaries as the result of the distributions?
Answers: 2
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Peppy roaney believes that pizza is a much more versatile dish than most people realize. as the national marketing manager for pizza guys, he observed how consumers were delighted with barbecue pizza, hawaiian pizza, mexican pizza and other unique combinations. his suggestions for other unusual pizzas, however, were met with a negative response by his superiors. even some of his colleagues laughed at his ideas. peppy's confidence in his ability to understand the market has led him to focus on planning a business of his own. peppy realizes that he will take a risk when he leaves his job with pizza guys and embarks upon a new venture: peppy's pizzazzeria. peppy is excited about the potential of profitably catering to the unmet desires of pizza consumers. peppy is confident that peppy's pizzazzeria will be a success, but only if he has enough money to do things right. since peppy has very little personal wealth, he knows he must obtain financial assistance. in order to prepare for meetings with bankers and p
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Business, 22.06.2019 11:00
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What is the correct percentage of texas teachers charged with ethics violations each year?
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The trustee of the Wicks Trust has the discretion to distribute the income or corpus of the trust in...
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