Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension trust funds O b. debt service trust funds Oc. Investment trust funds O d. special revenue trust funds Oe. Private purpose trust funds Of. Agency trust funds Og. capital projects trust funds Oh. Internal service trust funds

Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension trust funds O b. debt service trust funds Oc. Investment trust funds O d. special revenue trust funds Oe. Private purpose trust funds Of. Agency trust funds Og. capital projects trust funds Oh. Internal service trust funds

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Concept explainers

Reasons for Estate Planning

Planning is a process that helps decide in advance about future activities and operations. Planning helps to draft the procedures by identifying, analyzing, and designing how to work, when to work, by whom should be done, and what has to be done. It is the primary step followed by a person, business organizations, institutions, companies, etc.

Question

Which trust fund has assets always equal to liabilities with never a fund balance.
O a. Pension trust funds
O b. debt service trust funds
Oc.
Investment trust funds
O d.
special revenue trust funds
Oe. Private purpose trust funds
Of.
Agency trust funds
O g.
capital projects trust funds
Oh. Internal service trust funds

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