« previous next »

Author Question: A Private-Purpose Trust Fund has investments totaling 1,500,000 . As of the end of the fiscal year, ... (Read 87 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
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

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

T


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Does everything in nature have a unique purpose (entelechy)? Does everything in nature have a unique purpose (entelechy)?
Private practice setting. Private practice setting.
Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose. Apply light tapotement on the head. Tapping lightly with the fingertips works well for this purpose.
Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ... Last year, Terrific Copying had total revenue of $475 000, while operating at 60% of capacity. ...
Walking into new year kids drawing Walking into new year kids drawing
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Chemical Messengers Animation

For a complete list of videos, visit our video library