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Not for Profit Accounting: A private-purpose trust fund sold investments in securities having a cost of $32,000 for $34,000, resulting in a $2,000 realized gain.
Not for Profit Accounting:
A private-purpose trust fund sold investments in securities having a cost of $32,000 for $34,000, resulting in a $2,000 realized gain. The gain is
| a. Generally transferred to an operating fund or the General Fund | ||
| b. Generally used to maintain the principal of the trust | ||
| c. Taxes receivable for other funds and units | ||
| d. Due to other funds and units |
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