Equity in Trust Funds is presented as a. Restricted Net Assets. b. Net Assets Held in Trust.
Question:
Equity in Trust Funds is presented as
a. Restricted Net Assets.
b. Net Assets Held in Trust.
c. Fund Balance.
d. Unrestricted Net Assets.
e. None of the above.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
The correct answer is b Net Assets Held in Trust Equity in Trust Funds is typically present...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
Question Posted:
Students also viewed these Business questions
-
Mortgage Loan. (Calculator set on END). Congratulations! You've saved up enough money for a down payment and now you're ready to buy your first home. You find a nice home in Bothell that is selling...
-
Which hormon has teh anti-insulin effect? (A) Calcitonin (B) Cortisol (C) Oxytocin (D) Aldosterone.
-
How do you react substantively to the statement, "Hiring the right medical technologists is one of the most significant actions to ensure the success of a clinical laboratory along with productivity...
-
Mary Sue owns 600 shares of QRS Moving Company. QRS pays a quarterly dividend of $0.50 per share. What is the total annual dividend that Mary Sue will receive?
-
Cadwell manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. The company uses the weighted-average...
-
Comparative morphology _______. a. Is based mainly on the fossil record b. Shows evidence of divergences and convergences in body parts among certain major groups c. Compares the proteins and the DNA...
-
Let \(X\) denote the time between detections of a particle with a Geiger counter and assume that \(X\) has an exponential distribution with \(E(X)=1.4\) minutes. The probability that we detect a...
-
Loretta Smith, president and owner of Custom Enterprises, applied for a $250,000 loan from City National Bank. The bank requested financial statements from Custom Enterprises as a basis for granting...
-
If det [a b] = c d 2 -2 0 a. det c+1 -1 2a d-2 2 2b -2 calculate:
-
All of the following would be an example of a trust arrangement properly accounted for in a Private-Purpose Trust Fund except a. anonexpendable trust arrangement for the benefit of providing...
-
Which of the following fiduciary fund types, if any, does not have a measurement focus? a. Pension Trust Fund. b. Private-Purpose Trust Fund. c. Investment Trust Fund. d. Agency Fund. e. None of the...
-
Major League Apparel has two classes of stock authorized: 5%, $10 par preferred, and $1 par value common. The following transactions affect stockholders' equity during 2012, its first year of...
-
Smith and Dudley are next-door neighbors. The branches of a large maple tree on Smiths property hangs over Dudleys driveway, dripping sap onto Dudleys car. Smith refuses to trim the branches...
-
Compute the reactions and draw the shear and moment curves for the beam in Figure P9.6. EI is constant. 15 kips B 15 kips 612126
-
What differences exist among the principal kinds of automobile insurance?
-
Suppose that Gen Z comes strongly out of the pandemic. Explain the effect of a rise in expenditure by Gen Z on real GDP and the price level in the short run. A 2018 study estimated Gen Zs spending...
-
Britains New Record: A Recession Worse Than in Europe and North America Britain is experiencing a deep recession. The U.K. depends heavily on consumer spending. In the second quarter, spending on...
-
Jensen Company has just received the September 30, 2012, bank statement summarized in the following schedule: Cash on hand (recorded on Jensens books but not deposited) on September 1 and September...
-
A liquid flows upward through a valve situated in a vertical pipe. Calculate the differential pressure (kPa) between points A and B. The mean velocity of the flow is 4.1 m/s. The specific gravity of...
-
The balance in Vail Companys finished goods inventory account was $30,000 at the beginning of April and $28,000 at the end of April. Cost of goods manufactured for the month totaled $17,000....
-
The following list of personnel within organizations comes from Figure 1.1. 1. Board of directors 2. Chief financial officer 3. Controller 4. Managerial accountant 5. Financial accountant 6. Tax...
-
The balance in the work-in-process inventory account of Sedona Production, Inc., was $800,000 at the beginning of May and $750,000 at the end of May. Manufacturing costs for the month follow....
-
Mitre Company acquired Midwest Transportation Company for $1,399,100. The fair market values of the assets acquired were as follows. No liabilities were assumed. Equipment Land Building Franchise...
-
The following information is available for Forever Fragrance Company's Southern Territory by salesperson: Garcia Jones Total Sales $29,000 $40,000 $69,000 Variable cost of goods sold 3,700 4,800...
-
Sheridan Co. started and completed 1,840 units for the period. Its beginning inventory is 736 units 25% complete and its ending inventory is 368 units 20% complete. Sheridan uses the FIFO method to...
Study smarter with the SolutionInn App