CRUT Definition

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CRUT is an acronym for Charitable Remainder Unitrust.

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SUNDRY CREDITORS refers to companies or individuals to which money is owed.

DEFERRED TAX LIABILITIES have an effect of increasing future years income tax payments, which indicates that they are accrued income taxes and meet definition of liabilities. Whereas deferred tax assets have an effect of decreasing future income tax payments, which indicates that they are prepaid income taxes and meet definition of assets.

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