Which Measurement Focus and Basis of Accounting Should an Investment $\begin{array} { l l }\quad \text { Measurement Focus }&\quad \quad \quad \text { Basis of Accounting } \end{array}$

question 37

Short Answer

Which measurement focus and basis of accounting should an Investment Trust Fund use? $\begin{array} { l l }\quad \text { Measurement Focus }&\quad \quad \quad \text { Basis of Accounting } \end{array}$
A) $\begin{array} { l l } { \text { Economic resources } } &\quad \quad \quad \quad \text { Modified accrual } \\\end{array}$
B) $\begin{array} { l l } \text { Current financial resources } &\quad \text { Modified accrual } \\\end{array}$
C) $\begin{array} { l l }\text { Economic resources } &\quad \quad \quad \quad \text { Accrual } \\\end{array}$
D) $\begin{array} { l l } \text { Current financial resources } &\quad \text { Accrual }\end{array}$

• A)\(\begin{array} { l l } { \text { Economic resources } } &\quad \quad \quad \quad \text { Modified accrual } \\\end{array}\)
• B)\(\begin{array} { l l } \text { Current financial resources } &\quad \text { Modified accrual } \\\end{array}\)
• C)\(\begin{array} { l l }\text { Economic resources } &\quad \quad \quad \quad \text { Accrual } \\\end{array}\)
• D)\(\begin{array} { l l } \text { Current financial resources } &\quad \text { Accrual }
• \end{array}\)

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Definitions:

Recessive Alleles

Alleles that produce their characteristic phenotype only when two copies are present, as opposed to dominant alleles which can express with only one copy.

Phenotype

describes the observable characteristics or traits of an organism, resulting from the interaction of its genetic composition with the environment.

Heterozygous Carriers

Individuals who have one copy of a recessive gene and one normal gene for a particular trait, potentially passing the recessive gene to their offspring.

Sickle-cell Gene

The sickle-cell gene is responsible for producing abnormal hemoglobin that can lead to sickle-cell anemia, a genetic blood disorder causing red blood cells to assume a sickle shape.