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Which of the following helps identify the existence of a fiduciary relationship? A. The reporting entity does not control the assets. B. The assets are

Which of the following helps identify the existence of a fiduciary relationship?

A. The reporting entity does not control the assets.

B. The assets are derived from the reporting entitys own revenues, which are used to benefit others.

C. The assets are for the benefit of individuals and/or entities that are not part of the reporting entity.

D. The assets are derived from a pass-through grant for which the reporting entity has administrative responsibility.

Accounting for Governmental and Nonprofit Entities e 18

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