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    Essentials of Accounting
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    Exam 7: Fiduciary Funds, Inter-fund Transactions
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    An Endowment to Support Scholarships Would Most Likely Be Accounted
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An Endowment to Support Scholarships Would Most Likely Be Accounted

Question 50

Question 50

Multiple Choice

An endowment to support scholarships would most likely be accounted for in which of the following fund types?


A) Agency Fund.
B) Investment Trust Fund.
C) Private-Purpose Trust Fund.
D) None of the Above.

Correct Answer:

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