Author Question: In the statement of fiduciary net position prepared for an Investment Trust Fund, how should the ... (Read 77 times)

frankwu · **on:** Jul 5, 2018

In the statement of fiduciary net position prepared for an Investment Trust Fund, how should the equity of the participants in the investment pool be characterized?

a. as fund balance
b. as retained earnings
c. as the excess of additions over deductions
d. as net position held in trust

Question 2

In the applications approach to business event processing, a data change in one application before updating another application could lead to:
a. data redundancy
b. inconsistent data
c. data integrity
d. data deletion