Which of the Following Activities Would Be Accounted for by a Trust

question 17

Multiple Choice

Which of the following activities would be accounted for by a trust fund?

• A) Deposits held for customers of a city-owned electric utility.
• B) Assets passed-through the state government to the local government.
• C) Assets held for special assessment bondholders for which the city has no liability.
• D) Assets which are used to assist in the preservation of a private residence that is of historical significance to the city.

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Definitions:

Feasibility Study

A review of the viability and prospective achievement of a planned project or system.

Comprehensive Business Plan

A detailed document that outlines a business's objectives, strategies, market analysis, financial projections, and operational requirements.

Angel Funding

Investment in a startup company by affluent individuals, typically in exchange for ownership equity or convertible debt.

Venture Capital

Financing provided by investors to startups and small businesses with potential for long-term growth.