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
Land was acquired in 2021 for a future building site at a cost of $41,500. The assessed valuation for tax purposes is $28,200, a
alexira [117]

Answer:

The land should be reported in the financial statements at $41,500

Explanation:

The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500

8 0
3 years ago
American Chemical Company manufactures a chemical compound that is sold for $52 per gallon. A new variant of the chemical has be
Shalnov [3]

Answer:

If American produces the new compound, profit will increase by $88,000

Explanation:

increase in selling price = selling price of new variant of chemical - selling price of chemical compound

                                         = $83 - $52

                                         = $31

Net increase in profit = total increase in selling price - additional processing cost

                                    = $31*8000 - $160000

                                    = $248000 - $160000

                                    = $88,000

Therefore, If American produces the new compound, profit will increase by $88,000.

net increase in profit =

3 0
3 years ago
When managers work on creating conditions and systems to ensure that everything and everyone works together to achieve the organ
SVETLANKA909090 [29]

Answer: Organising

Explanation: Organising in management involves the role a manager plays to ensure that things are working effectively in an organization and that every department in the organization are working at their maximum best. In organising the manager puts everything in place for the smooth running of the organization.

7 0
3 years ago
Describe how organizational culture is related to project management. What type of culture promotes a strong project environment
alukav5142 [94]

Explanation:

Every company regardless of its size or area of ​​activity has an organizational culture, formally instituted or not.

Organizational culture can be defined as the company's identity, it is a system of values, procedures and behaviors that are shared by all members of an organization. A culture can be rigid or flexible, innovative or conservative, strong or weak, hostile or supportive.

Therefore, the relationship that the organizational culture has with the project management area is the impact on the behavior and form of action of the project members, the culture has a relevant impact on the identity of the professional.

The ideal type of culture to promote a strong project environment is a culture focused on innovation and the guidance and coordination of staff, with an emphasis on the group, so that there is integration, motivation and a favorable climate.

3 0
3 years ago
What type of a goal is graduating from college in four years?
eimsori [14]

Answer:

Explanation:

Any goal it's your opinion to be a successful person. Just never give then you will get it.

8 0
3 years ago
Read 2 more answers
Other questions:
  • 9. A project has an annual operating cash flow of $52,620. Initially, this four-year project required $5,160 in net working capi
    7·1 answer
  • Which of the following statements are true of local taxes? (Choose all that apply)
    7·1 answer
  • The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months​ follow
    11·1 answer
  • The president of the company you work for has asked you to evaluate the proposed acquisition of a new chromatograph for the firm
    11·1 answer
  • In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent per year, the money stock grows by 8 pe
    9·1 answer
  • Volleyball helps people reach their fitness goals by __________. A. using teamwork to win B. improving balance and agility C. im
    13·2 answers
  • MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor co
    13·1 answer
  • Paris Summer 20 Company sells small laptops. Based on the information below, calculate the Break even point in sales dollars for
    8·1 answer
  • Finch Company began its operations on March 31 of the current year. Finch has the following projected costs: April May June Manu
    11·1 answer
  • You are replacing a team’s leader and have noticed a number of team norms. If you are wondering how certain behaviors got establ
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!