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    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
  5. Question
    Assets Held in Trust That Are Restricted to Benefit the Citizenry
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Assets Held in Trust That Are Restricted to Benefit the Citizenry

Question 44

Question 44

True/False

Assets held in trust that are restricted to benefit the citizenry in general or in support of the reporting government's programs would be reported as permanent funds if nonexpendable.

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