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To Account for a Donation to the City Where the Principal

Question 54

Multiple Choice

To account for a donation to the City where the principal is to remain intact forever and the earnings are to be used to benefit the Boy Scout and Girl Scout organizations in the City, the government should use what fund type?


A) Permanent Fund.
B) Special Revenue Fund.
C) General Fund.
D) Private-Purpose Trust Fund.

Correct Answer:

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