Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 8, Problem 17.12EP

An investment trust fund would report in the financial statements the net position available to which of the following trust fund participants?

  1. a.      The administering government only.
  2. b.      The external participants only.
  3. c.       Only those external participants with material amounts of investment trust assets.
  4. d.      Both the administering government and the external participants.
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Accounting For Governmental & Nonprofit Entities

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