Wadsworth County Maintains an Investment Pool in Which It Invests

question 15

Multiple Choice

Wadsworth County maintains an investment pool in which it invests funds both for Wadsworth County and for all legally separate school districts in the county.When it reports assets in the Investment Trust Fund's statement of fiduciary net position,whose assets should be reported?

• A)only the assets of the legally separate school districts
• B)only the assets belonging to Wadsworth County
• C)both the assets of the separate school districts and the assets belonging to Wadsworth County
• D)only the assets of the major school districts and the assets belonging to Wadsworth County