Short Answer Questions 126.What are the four types of fiduciary funds and the function of each? 127.What are the required statements and schedules for a pension trust fund and in what part of the...

Short Answer Questions

126.What are the four types of fiduciary funds and the function of each?

127.What are the required statements and schedules for a pension trust fund and in what part of the CAFR are the schedules reported?

128.What is a defined benefit pension plan?

129.What is a cost sharing state pension plan?

130.Contrast a defined benefit and defined contribution retirement plan.

131.Contrast the accounting for internal and external portions of investment pools.

132.Contrast the purpose of Private-purpose Trust Funds and Permanent Funds.