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Hi, you worked on this assignment last semester and this was the feed back from my instructor “Maximum possible points for the assignment: 75
Total points earned for the assignment less any late penalty (rounded): 15

– Task Requirements points earned: 10 out of 19
– Demonstration and application of knowledge points earned: 0 out of 41
– Academic writing and format points earned: 5 out of 15
– Late Penalty (0%) points subtracted: (0)

Strengths: See Comments Below

Opportunities for improvement: See Comments Below

Additional comments: Your post did not demonstrate an understanding of the material. You did answer the questions you were supposed to answer. Your reference did not pertain to this discussion.

The ASSIGNMENT READS “In a recent city meeting, it was agreed that the city was going to build a new town hall. Long-term bonds, intergovernmental transfers, and public donations will be used to construct and maintain the building. The major discussion was how to record the donations meant to fund ongoing maintenance costs. One group wants to set up a permanent fund for the principle of the investments and use a special revenue fund to account for the earnings of the investments and their use. The other group wants to use a private purpose trust fund for the principle and interest. Address the following:

• Which group do you agree with? Do you feel that there is a better way to record these transactions?
• Give details that support your choice.

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