Which of the Following Is True Regarding Fiduciary Funds

question 4

Multiple Choice

Which of the following is true regarding fiduciary funds?

• A) When a government is trustee for a defined benefit pension plan, two RSI schedules are required: a schedule of funding progress and a schedule of employer contributions.
• B) Escheat property proceeds must be reported in either a private-purpose trust fund or the fund to which the property ultimately escheats.
• C) Both of the above.
• D) Neither of the above.

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