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    Advanced Accounting Study Set 12
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    Exam 16: Accounting for State and Local Governments, Part I
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    Which of the Following Funds Is Most Likely Created with an Endowed
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Which of the Following Funds Is Most Likely Created with an Endowed

Question 16

Question 16

Multiple Choice

Which of the following funds is most likely created with an endowed gift?


A) Enterprise Fund.
B) Internal Service Fund.
C) Debt Service Fund.
D) Capital Projects Fund.
E) Permanent Fund.

Correct Answer:

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