Cox transferred assets into a trust under which smart is entitled to receive the income for life. after smart's death, the remaining assets are to be given to mix. in year 1, the trust received rent of $1,000, stock dividends of $6,000, interest on certificates of deposit of $3,000, municipal bond interest of $4,000, and proceeds of $7,000 from the sale of bonds. both smart and mix are still alive. what amount of the year 1 receipts should be allocated to trust principal?
a. $7000
b. $8000
c. $13,000
d. $15,000

Th answer is: C) $13,000

Explanation:

The following amounts should be allocated to trust principal:

Earnings from rent ($1,000) and interest ($3,000) should be recorded as gross income.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

1. avoid them

2. a talk with them

3. ask someone you trust

4. ignore

5. call police