What is the distinction between Private Purpose Trust Funds and Permanent Funds?
a. Private Purpose Trust Funds account on the modified accrual basis; Permanent Funds account on the full accrual basis
b. The beneficiaries of Private Purpose Trust Funds are "outside" the government; the beneficiaries of Permanent Funds are the reporting government or its citizenry
c. Private Purpose Trust Funds are governmental fund types; Permanent Funds are fiduciary fund types
d. Investments of Private Purpose Trust Funds are valued at cost; investments of Permanent Funds are valued at fair value
b
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The occurrence which most likely would have no effect on 2010 net income (assuming that all amounts involved are material) is the
a. sale in 2010 of an office building contributed by a stockholder in 1983. b. collection in 2010 of a receivable from a customer whose account was written off in 2009 by a charge to the allowance account. c. settlement based on litigation in 2010 of previously unrecognized damages from a serious accident which occurred in 2008. d. worthlessness determined in 2010 of stock purchased on a speculative basis in 2006.
Data collection, processing, and analysis are undertaken during which stage of the marketing research process?
A) selecting a sampling method B) interpreting the findings C) implementing the research plan D) drawing conclusions from the findings E) selecting a research approach