How are Private Purpose Trust Funds controlled?

Q: A unit investment trust (uit) is unmanaged pool of investment that is often composed of

A: UIT (UNIT INVESTMENT TRUST) : is a exchanged traded mutual fund offering fixed portfolio of…

Q: What

A: We will be discussing the Real Estate Investment Trust Act of 2009 (RA 9856) with detailed…

Q: Briefly discuss the significance of the Trust Fund Doctrine.

A: Trust fund doctrine is a principle of judicial invention which says that corporate assets are held…

Q: Describe how monies received by an organization functioning as an agent, trustee, or intermediary,…

A: Contribution: The term "contribution" refers to an act or money made for a specific cause. It is a…

Q: Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension…

A: Capital projects funds are utilised for accounting the financial resources which is in turn used for…

Q: A board sets aside resources to earn investment income to support general operations. Would the…

A: In most cases, the money that has been set aside by the Board with the intention of producing…

Q: What are the components of a Federal Formula Grant?

A: A Federal Formula Grant is essentially a type of U.S. federal grant. This grant has a specific and…

Q: Explain criteria that investors should consider when selecting a unit trust

A: A unit trust, also known as a mutual fund, is a type of investment vehicle that pools money from…

Q: Discuss why the concept of fiduciary responsibilities is so important for trustees of superannuation…

A: Fiduciary is defined as " A person or organization that makes financial decisions on behalf of…

Q: advantage of offshore trust in terms of taxation?

A: High-net-worth (HNW) clients generally see offshore trust corporations as the pinnacle of competent…

Q: rces in the general fund get assigned to a specific

A: Resource  allocation is considered to  important  part of business and investment . it is important…

Q: Why a particular fund out of which reimbursement is to be made, makes the instrument unconditional

A: The question is based on the concept of negotiable instruments. A negotiable instrument is a legal…

Q: Explain a typical ADI’s sources and uses of funds

A: A commercial bank may be a financial institution that accepts deposits, provides bank account…

Q: what are the key characteristics of active fund management and passive fund management, focusing on…

A: Funds management is the process of managing a financial institution's cash flow. The fund manager…

Q: (Trust fund) What is outright distribution? Give example or a scenario (use simple words so its…

A: A trust is created on the some specific or general purpose. Under trust, the property like assets or…

Q: which accurately describes a charitable trust? A charitable organization:

A: Charitable trusts are the organizations that are incorporated with the objective of welfare or some…

Q: It is important to understand the difference between custodial and trust funds. How many financial…

A: However, custodial funds are not covered in any trust fund types under the GASB criteria. People,…

Q: Explain the distinction/s between custodial funds and trust funds. What financial statements…

A:

Q: What is the purpose of emergency fund?

A: Emergency Fund: An emergency fund is a vital corpus that must be set up in case of unforeseen…

Q: What are the characteristic of a proprietary fund? How do internal service funds and enterprise…

A: The question is based on the concept of Accounting theory

Q: Why is Fund Accounting important to governmental organizations in the wider world?

A: Step 1   Fund accounting is an accounting system focus on accountability and transparency rather…

Q: A fund represents part of the activities of an organization which is separated from other activities…

A: Approach to solving the question: Analyze the question. Detailed explanation:A fund is a…

Q: Which of the following properly portrays the components of net position for proprietary funds?…

A: Net Position for proprietary funds consists of three components: Net Investment in Capital Assets,…

Q: Why is the distinction between principal and income so important in accounting for most trusts?

A: Meaning of trusts A trust refers to a legal arrangement between the trustee or third party and the…

Q: What are blocked funds? List and explain two of the three methods for dealing with blocked funds.

A: A blocked fund is defined as money or capital realized when a foreign operation involving the…

Q: What are governmental fraudulent practices?

A: Governmental fraudulent practices refer to illegal or unethical actions committed by government…

Q: Can fund users (borrowers) such as corporations, raise funds through new issues of financial…

A: New issues, whether stocks or bonds, are a way for a firm to raise funds. An initial public offering…

Q: What is the effective utilization of funds

A: Introduction: While all aspects of money planning are critical, special emphasis is placed on fund…

Q: Which of the following accounts are used as income statement-like accounts in investment trust…

A: An income statement is one of the important financial statements of the company. It can be defined…

Q: What are the two fund types within the proprietary funds? What types of events does each report?

A: Two Fund Types with in the Proprietary funds: 1) The Enterprise Fund. 2) The Internal Service funds.

Q: Please describe a special revenue fund you find particularly beneficial.

A: A special revenue fund is a govt account that gathers money for a specific project. Special revenue…

Q: What is the electronic fund's transfer (EFT) system?

A: Todays generation is introduced to digital payments and any business whether it be large or small…

Q: Which of the following funds are classified as proprietary funds? Group of answer choices a.)…

A: The fund which is used to account for the business transactions are proprietary funds. These…

Q: What is discretionary distribution in trust fund? And Give (1) example that is easy to understand

A: A trust fund is a legal entity that holds property on behalf of some other person or some other…

Q: How were UBI's shareholders' funds and capital sensitive to various regulatory norms?

A: Regulatory Standards lay down all the laws, norms, and regulatory authority who regulates financial…

Q: what is actuarial valuatio and explain the advantages and disadvantages of carrying out this…

A: Actuarial valuation is a process conducted by actuaries to assess the financial position of a…