« previous next »

Author Question: What is the distinction between Private Purpose Trust Funds and Permanent Funds? a. Private ... (Read 58 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?

Drug abusers experience the following scenario: The pleasure given by their drug (or drugs) of choice is so strong that it is difficult to eradicate even after years of staying away from the substances involved. Certain triggers may cause a drug abuser to relapse. Research shows that long-term drug abuse results in significant changes in brain function that persist long after an individual stops using drugs. It is most important to realize that the same is true of not just illegal substances but alcohol and tobacco as well.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

The black-capped chickadee is a permanent resident in biomes with harsh winter conditions. The black-capped chickadee is a permanent resident in biomes with harsh winter conditions.
Snow Leopard cubs at the Cat Survival Trust, Welwyn, UK. Snow Leopard cubs at the Cat Survival Trust, Welwyn, UK.
SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124 SpaceShipOne completed the first manned private spaceflight in 2004, reaching an altitude of 100.124
Special Purpose Checks Special Purpose Checks
Permanent Gases of the Atmosphere Permanent Gases of the Atmosphere
Typical sequence of tooth eruption for both deciduous and permanent teeth Typical sequence of tooth eruption for both deciduous and permanent teeth
Video: Hip Animation

For a complete list of videos, visit our video library