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
garik1379 [7]
4 years ago
12

GASB has issued a proposed standard that would more clearly define fiduciary activities and change the categories of fiduciary f

unds. One of the issues the proposed standard is intended to address is the practice of some governments to classify activities as trusts when no trust agreement exists. Activities meeting the definition of fiduciary in nature but that lack a formal trust agreement will in the future be reported in a new category. What is the new category?a. Custodial fund.b. Non-custodial fund.c. Dedicated fund.e. Pass-through activities fund.
Business
1 answer:
kramer4 years ago
3 0

Answer:

a. Custodial fund

Explanation:

Custodial transaction and fund refers to the transaction, in which there is a beneficiary and a responsible. The responsible person manages the transactions of custodial account, and takes proper care of return and investment on such account.

This is basically an agency service as the person who is beneficiary is just depositing the amount top be invested which is then taken care of as an agent.

The correct option is a.

Custodial Fund.

You might be interested in
Would you recommend that Apple raise or lower its price for the iWatch to increase​ revenue?
melisa1 [442]

I would recommend it lower its price.

Explanation:

iWatch is not a product a lot of people wish for and it doesn't compliment the life of users enough to be expensive to buy. When it is expensive sales will reduce which would make sales revenue reduce but if the price is low a lot of people will patronize the product thus increase revenue.

#learnwithbrainly

6 0
3 years ago
A ____ is a source of revenue flowing into the firm.
diamong [38]
The answer is revenue stream.
3 0
3 years ago
Rockwood International needs to make risky decisions on a daily basis. Therefore, its managers are likely to
gizmo_the_mogwai [7]

Answer:

Centralize decision making

Explanation:

From the question we are informed about Rockwood International who needs to make risky decisions on a daily basis. Therefore, its managers are likely to Centralize decision making.

Centralization can be regarded as setup whereby decision-making powers are been concentrated or given to few leaders that are on top of the organizational structure. Decisions making are been carried out at the top then communicated to lower-level managers so that implementation can take place.

5 0
3 years ago
If you know the unit prices of two different brands of an item, you are better able to:
erastovalidia [21]

Answer:

C

Explanation:

Compare the prices. You can tell which item cost less per unit and is the best deal.

8 0
3 years ago
Sales force training is part of the
daser333 [38]

Answer: Organizational Development (HR)

Explanation: Sales force Training is a part of Organizational Development (HR), as there work isn't just to hire also it includes to train them and educate them so they can choose their path appropriately. Also it will help them upskilling which in long run will help to be the future leaders

7 0
4 years ago
Other questions:
  • All About Animals has two product​ lines: Cat food and Dog food. Contribution margin income statement data for the most recent y
    13·1 answer
  • Bedrock Company reported a December 31 ending inventory balance of $414,000. The following additional information is also availa
    8·1 answer
  • The NIPP Call to Action is meant to guide the collaborative efforts of the critical infrastructure community to advance security
    5·2 answers
  • In addition to the legislators and the governor, there are others involved in the lawmaking process during both regular and spec
    5·1 answer
  • Pacific West Utility has made a takeover offer to the shareholders (51% of the shares) of San Diego Edison. The board and manage
    7·1 answer
  • Consumers should be concerned about high interest rates because high interest rates __________.
    15·1 answer
  • Spud, Inc. a manufacturer of gourmet potato chips, employs activity-based costing. The budgeted data for each of the activity co
    9·1 answer
  • 4 of 5) What is a good way to stay diversified?
    15·1 answer
  • Click this link to view O‘NET's Work Styles section for General and Operations Managers. Note that common work
    8·2 answers
  • the natural rate of unemployment a. is a temporary low rate that cannot be maintained. b. is fixed; it cannot be altered by publ
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!