1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ziro4ka [17]
3 years ago
5

Clinton County maintains an investment trust fund for the investments of governments within its borders. All the investments had

determinable fair values. Which of the following is true regarding investment trust funds and investments in general? Group of answer choices Clinton County would report the investments of the other governments at fair value in the investment trust funds. Clinton County would report its own investments at fair value in the investment trust funds. Both of these answers are correct. Neither of these answers are correct.
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer:

Clinton County would report the investments of the other governments at fair value in the investment trust funds.

Explanation:

An <u>investment trust fund is set up to maintain and control assets</u> and is usually controlled and managed by a neutral trustee.

The neutral trustee holds and manages assets on behalf of a beneficiary.

Clinton Country <u>is the trustee in this case and would therefore, report investment of other governments and </u><u>not its own investments</u><u> at fair value</u>.

You might be interested in
Below is the complete list of accounts of Cobras Incorporated and the related balance at the end of March. All accounts have the
Allisa [31]

Answer:

Cobras Incorporated

Trial Balance as at March 31.

                                             Debit          Credit

Supplies                                 $1,100

Buildings                             $41,000

Cash                                      $2,100

Accounts Receivable          $2,800

Prepaid Insurance                 $1,100

Salaries Payable                                        $300

Accounts Payable                                   $1,500

Common Stock                                      $21,000

Retained Earnings                                 $14,500

Service Revenue                                    $18,100

Utilities Expense                 $2,300

Salaries Expense                $5,000

Totals                                 $55,000     $55,000

Explanation:

A Trial Balance is used to check mathematical accuracy in ledger Accounts. It represents a list of Balances : Debit and Credit extracted from the Ledger Accounts.

7 0
2 years ago
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l
Lostsunrise [7]

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

7 0
2 years ago
Home Works Referral Network is a premier home service referral network of dependable, highly skilled home improvement profession
Hatshy [7]

Answer:

The correct answer is D. code of ethics.

Explanation:

A code of ethics serves to regulate the actions of a professional, to protect organizations and their members; In this way, the behavior standards of people within a company or organization are established. In this case, the domicile company requires a code of ethics so that the personnel do not disclose company information, honestly carry out the work, take responsibility for the obligations assigned to them during their professional activity.

4 0
3 years ago
Your boss has given you permission to order new office supplies answer
Gre4nikov [31]
Wow! If my boss is this generous, I will first thank him or her. After that, I will make a list of the office supplies I will need to be more productive at work. Note that not all supplies may be granted so don't keep your hopes up. The next thing I'll do is to have him acknowledge the list I made and thank him for giving me this opportunity.

So let us note what we have to do:
1) Thank your boss.
2) List down the office supplies you need.
3) Have your boss authorize the list and thank him or her once again.
4 0
3 years ago
Read 2 more answers
Battles, Inc. just paid an annual dividend of $1.20 a share. The dividend will not change next year and then increase by 4 perce
storchak [24]

Answer:

The price of the stock today is $24

Explanation:

The price of the stock can be calculated using the dividend discount model. The price of the stock will include discounting back future dividends.

P0 = D0*(1+g) / 1+r  + [D*(1+g) / r-g] / 1+r

P0 = 1.2*(1+0) / 1+0.09  +  [1.2(1+0.04) / 0.09-0.04] / 1+0.09

P0 = $24

4 0
3 years ago
Other questions:
  • It is known that roughly 2/3 of all human beings have a dominant right foot or eye. is there also right-sided dominance in kissi
    15·1 answer
  • In personal ads, one study found that a man's _____ and a woman's _____ were the most important factor for determining how many
    15·1 answer
  • Amy and Lance are newlyweds. This is Lance's second marriage. Because of problems that occurred before his divorce (his ex-wife
    6·1 answer
  • While asia represents an important source of u.s. imports, few export opportunities exist for u.s. firms to sell goods and servi
    15·2 answers
  • Alpha Company is preparing its cash budget for the month of May. The company estimated credit sales for May at $200,000. Actual
    12·1 answer
  • An employee is given a formal written warning for an offense he has committed. Despite this, he proceeds to commit another offen
    13·2 answers
  • Jordan wants to retire in 35 years. She wants to have $75,000 per year in retirement and she expects retirement to last for 35 y
    13·1 answer
  • A BBB-rated, $1000 face value, corporate bond has a yield to maturity of 8.2%. A U.S. Treasury security has a yield to maturity
    10·1 answer
  • On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on
    13·1 answer
  • The unemployment rate is the percentage of the: Group of answer choices population that is unemployed. adult population that is
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!