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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    When an Investment Pool Is Created, the Assets of Each
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When an Investment Pool Is Created, the Assets of Each

Question 35

Question 35

True/False

When an investment 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.

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