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Question - for the current year zorro trust has the

Question - For the current year, Zorro Trust has the following receipts and disbursements:

dividents $24,000

trustee's fees 1,000

proceeds from sale of stock 50,000

($ 20,000 is gain)

CPA's tax return fee 500

What is the trust's net accounting income?

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Accounting Basics: Question - for the current year zorro trust has the

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