Multiple Choice
Which fund is used when a contributor specifies that the income of trust assets be used for the benefit of the general citizenry?
A) Private-purpose trust fund.
B) Agency fund.
C) Investment trust fund.
D) Permanent fund.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q80: Which of the following is true regarding
Q81: Which of the following is true regarding
Q82: Agency funds report the excess of assets
Q83: An endowment that is for the benefit
Q84: Property that reverts to government ownership upon
Q86: A fund that exists when a government
Q87: Escheat property, often collected by the state,
Q88: Employers with defined contribution plans will report
Q89: The required financial statements for agency funds
Q90: The City of DeKalb contributes to three