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alina1380 [7]
2 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]2 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:

D) Legitimate power.

Explanation:

What is power exercising?

It is known that leaders have diverse styles. However, there is also a concept of exercising power which only identifies what power a figure is utilizing. There are eight powers of leaders.

Legitimate power: The power a leader use when he has a certain position in the company.

Foreman has authority over it's employees that's because the employee is compelled to do as the foreman is saying.

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Answer: d.an annual report for external regulators such as the SEC

Explanation:

A managerial accountant is someone who records and analyzes the financial information for an organization. The data analysed will then be used to form financial decisions which can help the organization's growth.

Managerial accountants prepared ls financial information for internal reporting and not external reporting. Therefore, of the options given, the managerial accountants can prepare all the reports except the annual report for external regulators such as the SEC.

5 0
3 years ago
Today's trend is to expand the span of control because: Multiple select question. empowerment increases costs and reduces profit
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It is important to expand the span of control because

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  • organizations save by reducing the number of middle managers.

<h3>What is a span of control?</h3>

Span of control simply means a key element in the structure of an organization.

In this case, it is vital to expand the span of control because the workforce is better educated at all levels and organizations save by reducing the number of middle managers.

Learn more about span of control on:

brainly.com/question/26102029

8 0
2 years ago
Many people have larger amounts of debt in America than before, and people have become hesitant to take loans out for new cars.
Scorpion4ik [409]

Answer:

they will increase their rates of loans

7 0
2 years ago
The tax return filing requirements for individual taxpayers depend on the taxpayer’s gross income. True or False
son4ous [18]

Answer:

True

Explanation:

First of all, your tax filing status affects your tax rates, the more you earn, the higher your tax bracket. On the other hand, if your income is very low, you might not even have to file your taxes. For example, if you are over 65 years old, and your income is less than the standard deduction ($12,200) you do not need to file your taxes. If your income is above a certain threshold, you might start losing some tax benefits and deductions, e.g. child care and tax credit.

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