Investment Trust Funds and Pension Trust Funds Should Be Accounted

question 31

True/False

Investment trust funds and pension trust funds should be accounted for in the same manner as permanent funds.

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Definitions:

Easement Appurtenant

A right attached to a specific piece of land (the dominant estate) that allows the landowner to use the neighboring land (the servient estate) for a particular purpose.

Non-Possessory Easement

A right granted to use another’s property for a specific purpose without owning it.

Sublease

An arrangement where the original tenant leases part or all of the leased premises to another tenant, while still retaining some responsibilities under the original lease.

Commercial Tenants

Businesses or individuals that lease or rent commercial property or space from a landlord for business purposes.