you will account for the sale of personal property of the Estate under which fund:
1. When loved ones die without a last will and testament or without family who is able to administer their estate, the Public Administrator may be appointed by the Surrogate's Court to administer their estate. If you are the CFO of the Public Administrator, you will account for the sale of personal property of the Estate under which fund:
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Pension and other employee benefit trust funds
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Investment trust funds
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Private purpose trust funds
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Endowment funds
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2.
Queens County operates a cybersecurity unit to monitor risk for all the other government units via a Internal Service Fund. Year 1, the Cybersecurity unit bills $200,000 to Queens County Park and Recreation Fund for its services. What account should the Cybersecurity Unit CREDIT to record the $200,000 billing to the Park and Recreation Fund?
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Intergovernmental Transfer |
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Operating Revenue |
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Cybersecurity Expense |
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Interfund Exchange |
Answer 1 and 2 both please
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