Listed immediately below are the 4 generic fiduciary funds. following these are 12 statements. match each fund with the 3 statements that best correspond to each fund. no statement applies to more than 1 fund: pension trust fund private purpose trust fund investment trust fund agency fund a. may be used to account for escheat property b. has no operating statement c. allows smaller governments to tap special financial expertise of larger governments d. has no fund balance e. requires that a schedule of funding progress be prepared f. often used to account for tax collections g. must have one or more outside participants h. typically involves the services of an actuary i. scope of operations is specified by trust agreement j. may or may not have other goverments as participants k. participants record their contributions in a "pool investment" asset account

Alpine west, inc., operates a downhill ski area near lake tahoe, california. an all-day, adult ticket can be purchased for $55. adult customers also can purchase a season pass that entitles the pass holder to ski any day during the season, which typically runs from december 1 through april 30. the season pass is nontransferable, and the $450 price is nonrefundable. alpine expects its season pass holders to use their passes equally throughout the season. the company’s fiscal year ends on december 31. on november 6, 2009, jake lawson purchased a season ticket. required: 1. when should alpine west recognize revenue from the sale of its season passes? 2. prepare the appropriate journal entries that alpine would record on november 6 and december 31. 3. what will be included in the 2009 income statement and 2009 balance sheet related to the sale of the season pass to jake lawson?