The County Received a $10,000,000 Endowment, the Terms of Which

Multiple Choice

The county received a $10,000,000 endowment, the terms of which indicate that earnings on the endowment are to be used by health and welfare to provide medical services to low-income children. Where would the $10,000,000 be recorded?

A) Special revenue fund.
B) Permanent fund.
C) Private-purpose trust fund.
D) Public-purpose trust fund.