Multiple Choice
Which of the following is true regarding fiduciary funds?
A) When a government is trustee for a defined benefit pension plan, two RSI schedules are required: a schedule of funding progress and a schedule of employer contributions.
B) Escheat property proceeds must be reported in either a private-purpose trust fund or the fund to which the property ultimately escheats.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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