American College Exam HS330 Topic 1 Question 74 Discussion

Actual exam question for American College's HS330 exam

Question #: 74
Topic #: 1

[All HS330 Questions]

Which of the following statements concerning a simple trust is (are) correct?

l. All income must be distributed as earned to the person or persons who are beneficiaries of the trust.

II. Principal and income may be distributed to a qualified charity.

Al only

BII only

CBoth l and Il

DNeither l nor ll

Show Suggested Answer

Suggested Answer: B

by Salome at Sep 02, 2023, 11:16 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

Currently there are no comments in this discussion, be the first to comment!