A trust is the arrangement that ensures that the portion of Jade's assets are used to support her local art museum each year.
<h3>What is a
trust?</h3>
This refers to the right in property that is held in a fiduciary relationship by one party for the benefit of another.
The trustee will hold the portion of Jade's assets to support her local art museum each year.
Therefore, the Option D is correct.
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Explain why the president has to be
Answer:
they can affect the company in different ways
Explanation:
so they can affect either negativly and positivly so it could go both ways
Answer:
The company will earn a gain of $14,000.
Explanation:
The original cost of the ells company's delivery truck was $ 56,000 and the accumulated depreciation account had a balance of $38,000, which means a provision for the $38,000 was made in case something bad happens to the truck, and it eventually did as the truck was destroyed by fire and hence the amount of $18,000 ($56,000 - $38,000) was left which was not covered by the company.
The company received $32,000 as insurance , which means the $18,000 loss would be covered here - $32,000 -$18,000 = $14,000, and also the company will gain $14,000.