146.Contrast the accounting and reporting of Private-purpose Trust Funds and Permanent Funds. 147.What is the appropriate accounting treatment for real estate investments held in endowments (GASB...

146.Contrast the accounting and reporting of Private-purpose Trust Funds and Permanent Funds.

147.What is the appropriate accounting treatment for real estate investments held in endowments (GASB Statement 52)?

148.GASB No. 53 establishes reporting requirements for governments entering into derivative instruments. What is the treatment of hedging vs. investment derivates?

149.Describe the accounting treatment of Agency Funds, including the purpose, basis of accounting, and required financial statements