Presented below is the preclosing trial balance for the scholarship fund, a private-purpose trust fund of the algonquin school district. trial balance—december 31, 2017 debits credits accounts payable $ 2,700 accrued interest receivable $ 1,090 administrative expense 6,460 cash 55,950 increase in fair value of investments 4,800 distributions—scholarships 66,000 interest income 77,000 investment in bonds 1,300,000 net position—restricted for scholarships 1,345,000 $ 1,429,500 $ 1,429,500

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Diversity is an obstacle all marketers face: true false

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes