When a cash and investments pool is created,the assets of each fund entering the pool should be transferred to the pool at their fair value at the date of the transfer.

Question

Quizplus · Accepted Answer

Assets such as investments should be revalued to fair value (market value) as of the date the fund enters the pool, and any investments already in the pool should be revalued to fair value as of the same date, so that earnings, gains, and losses on pooled investments may be distributed equitably.

When a Cash and Investments Pool Is Created,the Assets of Each