Which of the Following Is True Regarding Accounting for Investments

question 137

Multiple Choice

Which of the following is true regarding accounting for investments of permanent funds?

• A) Investments with determinable fair values must be reported at fair value.
• B) Gains and losses on investments would not be reported in the Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances until realized by sale.
• C) Both of the above are true.
• D) Neither of the above is true.

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Definitions:

Benign Tumors

Non-cancerous growths in the body that do not spread to other parts and generally have a less aggressive impact on health.

Fibroids

Noncancerous growths in the uterus that can develop during a woman's childbearing years, often causing no symptoms or resulting in various reproductive issues.

Uterine Wall

The muscular layer of the uterus, also known as the myometrium, which expands during pregnancy and contracts during labor.

Endometriosis

A condition in which tissues that make up the lining of the uterus grow outside the uterus.