Wadsworth County maintains an investment pool in which it invests funds both for the City of Wadsworth (the county seat) and for all legally separate school districts in the county. When it reports assets in the Investment Trust Fund's statement of fiduciary net position, whose assets should be reported?

Select one:

a. Only the assets of the legally separate school districts

b. Both the assets of the separate school districts and the assets belonging to City of Wadsworth

c. Only the assets belonging to City of Wadsworth

d. Only the assets of the major school districts and the assets belonging to City of Wadsworth

Answer rating: 100% (QA)

Option a is the correct answer According to the abovementioned situation only the ass... View the full answer