Ch 12 cost accounting.docx - Terms in this set(75 56 Which of the following is not a fiduciary fund A Private-Purpose Trust Fund B Investment Trust Fund

Ch 12 cost accounting.docx - Terms in this set(75 56 Which...

This preview shows page 1 - 2 out of 2 pages.

Terms in this set (75) OriginalAlphabetical 56. Which of the following is not a fiduciary fund? A) Private-Purpose Trust Fund. B) Investment Trust Fund. C) Pension Trust Fund. D) Permanent Fund. D) Permanent Fund. 57. Which is true regarding the basis of accounting for fiduciary funds? A) All four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as proprietary funds. B) Agency funds are accounted for using the same basis of accounting and measurement focus as governmental funds, trust funds are accounted for using the same basis of accounting and measurement focus as proprietary funds. C) Trust funds are accounted for using the same basis of accounting and measurement focus as governmental funds, and agency funds are accounted for using the same basis of accounting and measurement focus as proprietary funds. D) All four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as governmental funds.
Image of page 1
Image of page 2

You've reached the end of your free preview.

Want to read both pages?

  • Spring '13
  • WILSON
  • Finance, Trust law, Fiduciary Fund, Investment trust, fiduciary funds

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

A+ icon
Ask Expert Tutors You can ask 0 bonus questions You can ask 4 questions (1 expires soon) You can ask 4 questions (will expire )
Answers in as fast as 15 minutes