A trustee has a duty to make proper allocation of benefits and burdens between income beneficiaries and remaindermen. Which of the following statements is true concerning this allocation?
a. Current expenses are chargeable to the remaindermen.
b. Extraordinary expenses are chargeable to the remaindermen.
c. Money paid for the use of trust property is chargeable to the remaindermen.
d. Any profit from the use of trust property is allocated to the remaindermen.
b
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Fetzer Company declared a $0.25 per share cash dividend. The company has 360,000 shares authorized, 342,000 shares issued, and 14,400 shares in treasury stock. The journal entry to record the dividend declaration is:
A. Debit Retained Earnings $81,900; credit Common Dividends Payable $81,900. B. Debit Common Dividends Payable $81,900; credit Cash $81,900. C. Debit Retained Earnings $90,000; credit Common Dividends Payable $90,000. D. Debit Common Dividends Payable $85,500; credit Cash $85,500. E. Debit Retained Earnings $85,500; credit Common Dividends Payable $85,500.
The centerpiece of the ________ efforts is the Anti-Bribery Convention that was the first global instrument to combat corruption in cross-border business deals.
A. Organization for Economic Co-operation and Development's B. Institute of Global Ethics' C. Ethics and Compliance Officer Association's D. United Nations'
TOC, an approach to identify bottlenecks, refers to the?
a. Theory of Contacts b. Theory of Constraints c. Theory of Capture d. Theory of Critical Events
The ethical principle of Universalism states that if an action is not right for all situations, then it is not right for any situation
Indicate whether the statement is true or false