Multiple Choice
Lincoln County maintains an investment trust fund for the investments of governments within its borders. All the investments had determinable fair values. Which of the following is true regarding investment trust funds and investments in general?
A) Lincoln County would report the investments of the other governments at fair value in the investment trust funds.
B) Lincoln County would report its own investments at fair value in the investment trust funds.
C) Both of the above.
D) Neither of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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