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Author Question: A Private-Purpose Trust Fund has investments totaling 1,500,000 . As of the end of the fiscal year, ... (Read 40 times)

littleanan

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on: Jul 5, 2018
A Private-Purpose Trust Fund has investments totaling 1,500,000 . As of the end of the fiscal year, the fair market value of these investments increased by 125,000 from the previous year. The Private-Purpose Trust Fund would
 
  A. Report revenues of 125,000.
  B. Report additions of 125,000.
  C. Report a transfer of 125,000.
  D. Not report any change until the investments are sold.

Question 2

In an online transaction entry (OLTE) system, use of data entry devices allows business event data to be entered directly into the information system at the time and place that the business event occurs.
  Indicate whether the statement is true or false


randomguy133

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

T


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