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Author Question: A government receives a donation of 300,000 to establish an endowment fund whose income is to be ... (Read 117 times)

moongchi

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on: Jul 5, 2018
A government receives a donation of 300,000 to establish an endowment fund whose income is to be used to support scholarships for local high school students. The school district is not part of the government.
 
  The government should report this activity in which type of fund?
  A. Permanent Fund
  B. Private-Purpose Trust Fund
  C. Investment Trust Fund
  D. Agency Fund

Question 2

The four Ws of capturing data do not include
 a. Who
  b. What
  c. Why
  d. When


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nhea

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

B

Answer to Question 2

C


moongchi

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Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

xoxo123

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Reply 3 on: Yesterday
Excellent

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