Question 6 (5 points) Which of the following are true regarding trust funds? Contributions are designated as additions. Investments are reported at fair value on the balance sheet. Expenses are designated as deductions. All of the above are correct. Question 7 (5 points) Which of the following activities would be accounted for using a private purpose trust fund? Investments held and managed for another governmental entity Funds that disburse scholarships for individual citizen recipients Pension benefits disbursed to current retirees O A county government collects property taxes from citizens and then disburses funds to applicable local governments