Multiple Choice
When a city received a private donation of $1,000,000 stipulating that the principal donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, which fund should the money be recorded in?
A) the General Fund.
B) an Expendable Trust Fund.
C) a Permanent Fund.
D) an Agency Fund.
E) a Special Revenue Fund.
Correct Answer:

Verified
Correct Answer:
Verified
Q16: The reporting of the fund balance of
Q17: Which standard issued by the Governmental Accounting
Q19: Governmental funds are<br>A) Funds used to account
Q21: On July 1, 2013, Fred City ordered
Q22: Which group of governmental financial statements reports
Q23: Trapper City issued 30-year bonds for the
Q24: What are the two groups of financial
Q25: On July 12, 2013, Fred City ordered
Q59: What are the two proprietary fund types?<br>(1)
Q80: What are the two proprietary fund types?