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    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
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    A Private-Purpose Trust Fund Where the Principal Is Not Expendable
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A Private-Purpose Trust Fund Where the Principal Is Not Expendable

Question 140

Question 140

Multiple Choice

A private-purpose trust fund where the principal is not expendable, normally it is called a/an:


A) Donation.
B) Endowment.
C) Gift.
D) Transfer.

Correct Answer:

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