On the Statement of Changes in Net Position, Custodial Funds

question 63

True/False

On the statement of changes in net position, custodial funds need to display on separate lines each type of addition made to the fund.

---

Definitions:

Letter of Recommendation

A document written to endorse an individual's skills, character, and achievements, typically for employment or academic applications.

Personal Messages

Communications intended for a specific individual, typically of a private or confidential nature.

Condolence Letters

Written expressions of sympathy and support to someone who has lost a loved one.

Congratulatory Letters

Written expressions of joy or acknowledgment towards an individual’s or group's achievement or milestone.