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Panther Trust has net accounting income and distributable net income of $100,000, $75,000 from taxable sources and $25,000 from tax-exempt sources. During the year the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is:

a. $25,000

b. $50,000

c. $75,000

d. $100,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9407286

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