A government has an endowment that is accounted for in a permanent fund. At the start of the year, the fund had a value of $1 million—the amount initially contributed to establish the fund. In a previous year, the organization had added $100,000 of endowment fund investment gains to a special revenue fund. Of this amount, $20,000 has already been spent. The investments of both the permanent fund and the special revenue fund are in a common pool. In the current year, the investment pool lost $50,000 in market value. How should the

  • CreatedApril 29, 2015
  • Files Included
Post your question