10 Nov Describe GASB requirements for accounting for Inve
Describe GASB requirements for accounting for Investment Trust Funds. Include ( a ) a discussion of when the use of investment trust funds is appropriate; ( b ) the investments to be included and excluded; ( c ) the basis at which investments are to be reported; ( d ) reporting of realized and unrealized gains and losses on investments; and ( e ) financial reporting (i.e., financial statements).
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