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    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
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    When a Contributor and a Government Agree That the Principle
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When a Contributor and a Government Agree That the Principle

Question 105

Question 105

True/False

When a contributor and a government agree that the principle and/or income of trust assets is for the benefit of individuals, organizations, or other governments, an agency trust fund has been formed.

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