QUESTION 13 Mutual funds can be legally organized as corporations or income trusts. O True O False QUESTION 14 One advantage of investing in mutual funds organized as trusts is that distributions from the trust are received tax-free by the unit holders. O True False QUESTION 15 One benefit of investing in rental properties is the wide variety of expenses which are deductible from rental income. O True False

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Q: What are the four basic assumptions underlie GAAP?

A:

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Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.