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aliya0001 [1]
3 years ago
6

Dart created an irrevocable trust naming Larson as trustee. The trust provided that the trust income would be paid to Frost for

15 years, with the principal then reverting to Dart. Larson died after 10 years, Frost died after 20 years, and Dart died after 22 years. When does the trust terminate?a. After 10 years.b. After 15 years.c. After 20 years.d. After 22 years.e. Indefinitely.
Business
1 answer:
kolezko [41]3 years ago
8 0

Answer:

b.

Explanation:

Given that: Dart created an irrevocable trust naming Larson as trustee. The trust provided that the trust income would be paid to Frost for 15 years, with the principal then reverting to Dart. Larson died after 10 years, Frost died after 20 years, and Dart died after 22 years.

From the given information we can say that the trust will terminate in b. After 15 years

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C

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2 years ago
Which of the following is the pursuit of the highest standard for what we should believe?
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D) Theoretical reason

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4 0
3 years ago
Darby's company reported net income after taxes of $2,000,000, on sales of $225 million. her boss asked her to calculate the ear
Dafna1 [17]
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3 0
3 years ago
Larkspur Corporation manufactures drones. On December 31, 2019, it leased to Althaus Company a drone that had cost $104,800 to m
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Answer:

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= $164,081

Date                          Account Details                            Debit              Credit

Dec. 31, 2019            Lease Receivable                         $164,081

                                 Cost of goods sold                       $104,800

                                 Sales                                                                    $164,081

                                 Inventory                                                             $104,800

Date                          Account Details                           Debit                Credit

Dec. 31, 2019           Cash                                             $37,400

                                 Lease Receivable                                               $37,400

5 0
3 years ago
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