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alina1380 [7]
3 years ago
5

State whether the following sentences are true or false regarding the nature of fiduciary-type funds and the accounting measurem

ents within them. If the sentence is false, state why. a. Governments may access the resources of fiduciary funds to help support their own programs. b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not. c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance. d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.
Business
1 answer:
geniusboy [140]3 years ago
7 0

Answer:

a. Governments may access the resources of fiduciary funds to help support their own programs.

True

b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not.

True

c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance.

True

d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.

True

Explanation:

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Answer:

E. It may encourage a sense of entitlement among employees.

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Question 8 of 10
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Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

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Explanation:

As we know that

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So according to the given options, the option A is correct

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3 years ago
A firm has a return on equity of 20 percent. The total asset turnover is 2.8 and the profit margin is 7 percent. The total equit
kondor19780726 [428]

The net income of the firm is $1,200

<h3>What is net income?</h3>

Net income refers to the amount an individual or business makes after deducting costs, allowances and taxes.

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First, we know that:

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Therefore, net income of the firm is $1,200

Learn more about computation of net income here: brainly.com/question/24836146

4 0
2 years ago
Which of the following items would MOST likely be enforced by the forced sale of a property?
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A property is a belong of any person. The items would most likely be enforced by the forced sale of a property is judgment.

<h3>How are judgments been enforced? </h3>

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Answer:

The correct answer is letter "D": Glocalization .

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