Question
Fiduciary funds A. Are accounted for using the accrual basis of accounting. B. Include trust, custodial, and permanent funds. C. Are not included in a
Fiduciary funds
A. Are accounted for using the accrual basis of accounting.
B. Include trust, custodial, and permanent funds.
C. Are not included in a governments CAFR because they account for assets not owned by the government.
D. Cannot recognize investment gains until the associated investment is sold.
Accounting for Governmental and Nonprofit Entities e 18
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Principles of Operations Management Sustainability and Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
10th edition
978-0134183954, 134183959, 134181980, 978-0134181981
