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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    The Principal of Permanent Funds Must Be Classified as Nonspendable
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The Principal of Permanent Funds Must Be Classified as Nonspendable

Question 86

Question 86

True/False

The principal of permanent funds must be classified as Nonspendable Fund Balance.

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