Question: Select the appropriate circle to indicate whether each receipt or disbursement below should be allocated to principal or income of the fiduciary. Receipt or disbursement
Select the appropriate circle to indicate whether each receipt or disbursement below should be allocated to principal or income of the fiduciary. Receipt or disbursement Principal Income 1. Interest on a loan that was used to purchase a shopping center that a trust would lease to retail stores O O o 2. Rent payments received from tenants of a shopping center owned by a trust 3. Tax paid on the gain recognized upon an estate's sale of equipment 4. Amounts paid to convert a shopping center owned by an estate into a series of warehouses o o O O O 5. Payment of the remaining balance of a loan used to purchase a shopping center 6. Tax paid on the income of an estate o
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