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    Essentials of Accounting Study Set 3
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    Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent
  5. Question
    Permanent Funds Account for Resources That Are Donor Restricted to the Extent
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Permanent Funds Account for Resources That Are Donor Restricted to the Extent

Question 63

Question 63

True/False

Permanent funds account for resources that are donor restricted to the extent earnings but not principal may be used to support government programs.

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