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  3. Study Set
    Accounting for Governmental
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    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    Earnings on Pooled Investments and Changes in Fair Value of Investments
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Earnings on Pooled Investments and Changes in Fair Value of Investments

Question 48

Question 48

True/False

Earnings on pooled investments and changes in fair value of investments are allocated to the participants having an equity interest in the pool in proportion to their relative contributions to the pool.

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