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What are the required basic financial statements

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Reference no: EM131017549

Q1 Class, there are three type of fiduciary trust funds:

Pension trust funds

Investment trust funds

Private-purpose trust funds

What are the differences between the purpose and beneficiaries of each of these three trust funds?

Q2 Class, what are the required basic financial statements that are mandatory under GASB 34?

Which financial statement do you believe is more important to the local citizen, and why?

Reference no: EM131017549

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