How should this fact be reported
During its fiscal year, a Pension Trust Fund buys 1,000 shares of stock, for which it pays $33,000. At year end, the stock has a fair value of $28,000. How should this fact be reported in the Trust Fund's financial statements?
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The beneficiaries of Private Purpose Trust Funds are "outside" the government; the beneficiaries of Permanent Funds are the reporting government or its citizenry.
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There are two different restaurant chains that you have identified as potential investment opportunities. You are looking ofr a minimum required rate of return of 8% per year.
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