How is a private purpose trust fund different from a permanent fund?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

See More Books

Question Posted: Sep 21, 2024 05:13 AM

See More Questions

XYZ purchased an equipment worth of $150,000 including insurance cost $30,000 and duty cost $20,000 on May 15, 2018. They have decided to capitalize the $35,000 installation charge instead of $20,000...
Briefly discuss the pros and cons of e-mail versus voice mail. Under what circumstances would you use one and not the other?
50.0 dm3 of dry air was slowly bubbled through a thermally insulated beaker containing 250 g of water initially at 25C. Calculate the final temperature. (The vapour pressure of water is approximately...
How is a private purpose trust fund different from a permanent fund?
Complete the "Rate Category" column on the "Airline" worksheet. After completing the column do exploratory analysis of the airline data to determine how many Airlines fall under Category A ? Use the...
with explantion please (9-5) Expected cap. gains yield CG 47. IE D - $1.50, 9 (which is constant) - 6,5, and Po - $56. what is the stock's expected capital gains yield for the coming year? a. 6.500...
What is the distinction, as drawn by the GASB, between a duciary fund and a permanent fund?
What is the rationale for accounting for nonexpendable endowment funds on a full, rather than a modied, accrual basis? Why is it important that depreciation be charged on long-term assets held as...
List out any fi ve techniques you can use for making effective presentations.
Detailed note on the contributions of F.W.Taylor
Discuss briefly about S N 1 (CB) mechanism for the reaction: [Co(en) 2 NH 3 Cl] 2+ + OH - ? [Co(en) 2 NH 3 OH] 2+ + Cl -
Write a Python program to count the vowels present in a given input string. Explain the output of the program .
Describe the Python program to implement selection sort. Simulate your code on the following data: 2,52,1,5,2,54,62,64
Write and explain an algorithm through python code to generate prime numbers.
Consider a pulsar, a collapsed star of extremely high density, with a mass M equal to that of the Sun (1.98 x l030 kg), a radius R of only 12 km, and a rotational period T of 0.041s. By what...
An educational researcher devised a wooden toy assembly project to test learning in 6-year-olds. The time in seconds to assemble the project was noted, and the toy was disassembled out of the childs...
Cisco Systems, Inc., pioneered the concept of a "virtual close" of the financial records. A virtual close is described as follows: The traditional practice of closing a company's books on a monthly,...
For the past few years, your client, Freemont Medical Group (FMG), has operated a small medical practice. FMG's current annual revenues are $420,000. Because the accountant has been spending more and...
Emilio lvarez and Graciela Zavala joined together to form a partnership. Is it possible for them to lose a greater amount than the amount of their investment in the partnership? Explain. Discuss.
Both Bond Sam and Bond Dave have 7.1 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has three years to maturity, whereas Bond Dave has 20 years to maturity. If...
Norris, Madson, and Howell have income ratios of 5:3:2 and capital balances of $41,480, $37,820, and $34,160, respectively. Noncash assets are sold at a gain and allocated to the partners. After...
33 of 33 < > View Policies -/20 Current Attempt in Progress Heidi Jara opened Blue Spruce's Cleaning Service on July 1, 2022. During July, the following transactions were completed. July 1...

How is a private purpose trust fund different from a permanent fund?

Question:

Step by Step Answer:

Private purpose trust funds are trust funds other than investment poolsand pension...View the full answer

Government and Not for Profit Accounting Concepts and Practices

Students also viewed these Accounting questions