180. Which of the following is a required financial statement for an investment trust fund? a. Statement of revenues, expenditures, and changes in fiduciary net assets. b. Statement of activities. c....

180. Which of the following is a required financial<br>statement for an investment trust fund?<br>a. Statement of revenues, expenditures, and changes<br>in fiduciary net assets.<br>b. Statement of activities.<br>c. Statement of revenues, expenses, and changes in<br>fiduciary net assets.<br>d. Statement of changes in fiduciary net assets.<br>181. Assuming no outstanding encumbrances at year<br>end, closing entries for which of the following situa-<br>tions would increase the unreserved fund balance at<br>year end?<br>a. Actual revenues were less than estimated revenues.<br>b. Estimated revenues exceed actual appropriations.<br>c. Actual expenditures exceed appropriations.<br>d. Appropriations exceed actual expenditures.<br>

Extracted text: 180. Which of the following is a required financial statement for an investment trust fund? a. Statement of revenues, expenditures, and changes in fiduciary net assets. b. Statement of activities. c. Statement of revenues, expenses, and changes in fiduciary net assets. d. Statement of changes in fiduciary net assets. 181. Assuming no outstanding encumbrances at year end, closing entries for which of the following situa- tions would increase the unreserved fund balance at year end? a. Actual revenues were less than estimated revenues. b. Estimated revenues exceed actual appropriations. c. Actual expenditures exceed appropriations. d. Appropriations exceed actual expenditures.

Jun 10, 2022

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180. Which of the following is a required financial statement for an investment trust fund? a. Statement of revenues, expenditures, and changes in fiduciary net assets. b. Statement of activities. c....

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