Define Charitable remainder trust.

Q: Briefly discuss the significance of the Trust Fund Doctrine.

A: Trust fund doctrine is a principle of judicial invention which says that corporate assets are held…

Q: How does a trust works? Explain step by step

A: Answer: Trust is the legal entity that can allow two different parties trustor and trustee to be in…

Q: Which trust fund has assets always equal to liabilities with never a fund balance. O a. Pension…

A: Capital projects funds are utilised for accounting the financial resources which is in turn used for…

Q: . Expenditures are used for which type of fund? A. Fiduciary B. Governmental C. Proprietary D.…

A: Answer :- Correct option is D. All of the above

Q: Discuss the uses of Mutual Funds. a) Asset-Liability Matching b) Employee Retirement Funding c)…

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you.…

Q: Types of Trusts?

A: The types of trusts as follows: Living trust: One of the usually shaped trust is an inter vivos…

Q: Which of the following is not a fiduciary fund? a. Permanent fund b. Agency fund c. Investment trust…

A: Answer:   Option a

Q: What is the difference between a permanent fund and a private-purpose trust fund?

A: A private purpose fund refers to trust agreements where a principal or income benefits individuals,…

Q: What are the benefits of Trust fund

A: A trust fund is that legal entity that holds property on behalf of someone.

Q: What is the role of trusts in estate planning?

A: The process of managing the assets of an individual or an organization until the death of the…

Q: 180. Which of the following is a required financial statement for an investment trust fund? a.…

A: As per our protocol we provide solution to the one question only but as you have asked two questions…

Q: What’s the difference between a call for sinking fund purposes and a refunding call?

A: Sinking fund: A sinking fund is a fund comprising money keep back or saved to settle a debt or bond.…

Q: What is a trust fund?

A: Trust Fund: Trust fund is a legal entity that holds property or assets on behalf of another person,…

Q: Explain the Sheriff’s Deed-Trustee’s Deed?

A: Sheriff’s Deed:   It serves to specify the concern(s) of people whose asset was traded at an open…

Q: What are the two fund types within the proprietary funds? What types of events does each report?

A: Two Fund Types with in the Proprietary funds: 1) The Enterprise Fund. 2) The Internal Service funds.

Q: pension fund

A: A retirement fund is a product that invests your savings in retirement. Tax cuts and  employer…

Q: What is discretionary distribution in trust fund? And Give (1) example that is easy to understand

A: A trust fund is a legal entity that holds property on behalf of some other person or some other…

Q: 180. Which of the following is a required financia statement for an investment trust fund? a.…

A: Investment trust fund refers to the public limited companies that are closed ended, which states…

Q: Show the treatment of items of Income and Expenditure Account whenthere is a specific fund for those…

A: There are various sources of receipts like donations, subscriptions and government grants. Donations…

Q: What are QTIP trusts, GRATs, and charitable remainder trusts?

A: QTIP trust: It is also known as qualified terminable interest property. The grantor creates the QTIP…

Q: Fiduciary Funds includes: O a. Agency Fund b. Special Revenue Fund c. Debt Service Fund d. Internal…

A: Fiduciary funds are those funds which state and local government carry out for the benefit of other…

Q: Which of the following is a characteristic of a fixed trust? Select one: The trustee usually has…

A: In a fixed trust, trust deed fixes the ratio of income and capital to be distributed to the…

Q: What are the four fund types within the fiduciary funds? What types of events does each report?

A: Definition:   A fiduciary fund is required in legislative bookkeeping to give an account of benefits…

Q: What do you mean by “Trust Deed” in context of debenture?

A: A trust deed moreover called a deed of trust could be an archive that's often used in Joined…

Q: ow core deposits and purchased funds work ?

A: Commercial banks: It is the financial institution that accepts deposits from the public and gives…

Q: What is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: A partner who contributes money or property to a common fund

A: Solution: A partner who contributes money or property to a common fund is "Capitalist partner". This…

Q: Distinguish between an intended beneficiary and an incidental beneficiary.

A: Beneficiary- A party that is entitled to any benefit or advantage in an agreement such as Life…

Q: Differentiate mutual funds from unit investment trust fund.

A: Funds refer to the pool of money which is kept aside for some specific purpose. This pool of money…

Q: How does a trust fund work???Explain the process in simple words

A: Let me start be explaining what a trust fund is. A trust fund is a legal entity that holds property…

Q: What are types of activities are reported in Custodial Funds?

A: Custodial funds Custodial funds are classified as fiduciary funds under GASB rules when they are not…

Q: What is a testamentary trust?

A:

Q: Does a trust have to have assets? – Explain

A: Meaning of Trust Trusts are one of the major forms of organization for federal tax purposes, along…