Which of the following is not a fiduciary fund? a. Permanent fund b. Agency fund c. Investment trust fund d. Pension trust fund

Q: Aside from issuing bonds, what do you suggests as other means of funding or can government source…

A: Bonds can be referred to as the instruments which are issued by entities and government for raising…

Q: How fund structures and financial reports of not-for profit differ from those of governments?

A: Non-profit organizations: These are the organizations established not with the intention of earning…

Q: Identify the letter that best describes the accounting and reporting by the following funds and…

A:

Q: Which of the following funds does not get consolidated into the Governmental Activities section of…

A: Introduction: Taxes, intergovernmental income, and other nonexchangeable earnings are used to fund…

Q: Which of the following statements is true? O a. The principal of permanent funds are classified as…

A: Permanent Funds: It may be referred to as a fund wherein the principal amount isn't being utilized…

Q: In a governmental fund, which of the following is considered an expenditure? a. The purchase of a…

A: Expenditure: It can be defined as a payment that is made either via cash or credit card to purchase…

Q: accounts o

A: Modified accrual basis of accouting is generally used by the government agency or say government. it…

Q: The permanent fund is one of the several types of governmental funds. a. True b. False

A: Governmental funds : In fund accounting system, the government funds are categorized into three…

Q: 6   Which of the following should not be reported on the balance sheet of the General Fund?…

A: A general fund is a primary fund used by the government. It records all the inflows and outflows…

Q: Discuss why the concept of fiduciary responsibilities is so important for trustees of superannuation…

A: Fiduciary is defined as " A person or organization that makes financial decisions on behalf of…

Q: . Expenditures are used for which type of fund? A. Fiduciary B. Governmental C. Proprietary D.…

A: Answer :- Correct option is D. All of the above

Q: Discuss the uses of Mutual Funds. a) Asset-Liability Matching b) Employee Retirement Funding c)…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Which of the following is not a governmental fund? Choose the correct.a. Special revenue fundb.…

A:

Q: What is the appropriate accounting for each of the phases, Capital projects funds and Debt services…

A: Investing in a built environment represents short-term costs that return only benefits on long-term…

Q: What’s the difference between a call for sinking fund purposes and a refunding call?

A: Sinking fund: A sinking fund is a fund comprising money keep back or saved to settle a debt or bond.…

Q: Which type of investment is redeemable only by authorized participants? Open end mutual fund Closed…

A: Analysis of the options given: Open end mutual fund -Open end mutual fund is open to investors i.e.,…

Q: Which of the following accounts are used as income statement-like accounts in investment trust…

A: An income statement is one of the important financial statements of the company. It can be defined…

Q: Accounting for permanent funds closely resembles the accounting for a. internal service funds. b.…

A: Fund: Funds refer to an amount of money which is set aside or saved by individuals, government, and…

Q: t are the roles or purposes of the following: • Mutual Funds • Pension Funds • Other financial…

A: Role of mutual fund, Pension funds and other financial institution is very important.

Q: Which of the following funds are classified as proprietary funds? Group of answer choices a.)…

A: The fund which is used to account for the business transactions are proprietary funds. These…

Q: What is discretionary distribution in trust fund? And Give (1) example that is easy to understand

A: A trust fund is a legal entity that holds property on behalf of some other person or some other…

Q: 180. Which of the following is a required financia statement for an investment trust fund? a.…

A: Investment trust fund refers to the public limited companies that are closed ended, which states…

Q: Which of the following statements is true? Choose the correct.a. There are three different types of…

A: Proprietary funds are of two types. This fund contains transactions with in government and out side…

Q: Describe the disclosure requirements for an Enterprise Fund. Explain how disclosure assists users of…

A: Agencies reporting enterprise funds (a type of proprietary fund) or using enterprise fund accounting…

Q: Fiduciary Funds includes: O a. Agency Fund b. Special Revenue Fund c. Debt Service Fund d. Internal…

A: Fiduciary funds are those funds which state and local government carry out for the benefit of other…

Q: What are the four fund types within the fiduciary funds? What types of events does each report?

A: Definition:   A fiduciary fund is required in legislative bookkeeping to give an account of benefits…

Q: Which of the following is not considered an “other long-term investment?” Sinking fund Preference…

A: The question is multiple choice question  Required  Choose the Correct Option.

Q: ör Fålšé questions E. Resources flowing into and out of a fund means that the fund is an accounting…

A: An individual, association, or organization that engages in economic activities and controls…

Q: Fiduciary fund financial statements are prepared based on which one of the following basis of…

A: Assets that are held in trust for others are to be reported in the fiduciary funds of the business.…

Q: What federal fund is most like a custodial fund used by state and local governments?

A: Here given the details of the federal fund which is treated as the custodial fund which can be used…

Q: Describe the modified accrual foundation for accounting. For what purposes does it appear in the…

A: Accounting on a modified accrual basis: The modified accrual basis of accounting is a form of…

Q: Does the modified accrual accounting method apply to this kind of fund? What are the requirements…

A: Introduction: Another accounting approach is adjusted gathering bookkeeping, which combines…

Q: 8   The basis of accounting that should be used in preparing fund financial statements is:…

A: Financial statements refers to a form of written records which conveys business activities and…

Q: Which financial statements are prepared using modified accrual accounting? A) Proprietary fund…

A: Modified accrual accounting is the one where a combination of both cash and accrual basis is being…

Q: What are types of activities are reported in Custodial Funds?

A: Custodial funds Custodial funds are classified as fiduciary funds under GASB rules when they are not…

Characteristics of Bonds