« previous next »

Author Question: What is the distinction between Private Purpose Trust Funds and Permanent Funds? a. Private ... (Read 64 times)

Capo

  • Hero Member
  • *****
  • Posts: 545
on: Jul 5, 2018
What is the distinction between Private Purpose Trust Funds and Permanent Funds?
 
  a. Private Purpose Trust Funds account on the modified accrual basis; Permanent Funds account on the full accrual basis
  b. The beneficiaries of Private Purpose Trust Funds are outside the government; the beneficiaries of Permanent Funds are the reporting government or its citizenry
  c. Private Purpose Trust Funds are governmental fund types; Permanent Funds are fiduciary fund types
  d. Investments of Private Purpose Trust Funds are valued at cost; investments of Permanent Funds are valued at fair value

Question 2

The original cost of an asset added to its salvage value represents the depreciable cost of an asset.
 a. True
   b. False
   Indicate whether the statement is true or false


jackie

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

False


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Distinction of Female Pelvis Distinction of Female Pelvis
Purpose of the nursing interventions Purpose of the nursing interventions
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ... Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ...
A funnel is one way to visualize the diagnostic process. The purpose is to narrow the possible ... A funnel is one way to visualize the diagnostic process. The purpose is to narrow the possible ...
Typical sequence of tooth eruption for both deciduous and permanent teeth Typical sequence of tooth eruption for both deciduous and permanent teeth
Video: Allergic Rhinitis

For a complete list of videos, visit our video library