The ________ model incorporates the time-value of money but still ignores cash flows after the cutoff date

An international strategy involves taking products first produced for the domestic market and then selling them internationally with _______________________

Fill in the blank(s) with the appropriate word(s).

Raff died in 2016, leaving her entire estate to her only child. Raff's will gave full discretion to the estate's executor with regard to distributions of income. For 2017, the estate's distributable net income was $15,000, of which $9,000 was paid to the beneficiary; no income was tax-exempt. What amount can be claimed on the estate's 2017 income tax return for the distributions deduction?

A. $0 B. $6,000 C. $9,000 D. $15,000