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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Principles of Accounting and Financial Reporting for State and Local Governments
  5. Question
    When Revenues Are Legally Restricted by External Resource Providers or Committed
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When Revenues Are Legally Restricted by External Resource Providers or Committed

Question 65

Question 65

True/False

When revenues are legally restricted by external resource providers or committed by enabling legislation for particular operating purposes, a private purpose trust fund is created.

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