Multiple Choice
If a trust is to be used for the benefit individuals, private organizations or other governments, the following funds should be used:
A) Special revenue fund.
B) Permanent fund.
C) Private purpose fund.
D) Either A or B, depending upon whether the principal must be maintained.
Correct Answer:

Verified
Correct Answer:
Verified
Q120: An encumbrance in a capital project fund
Q121: A non-expendable trust which benefits a government
Q122: Which of the following statements is <b><u>correct</b></u>?<br>A)
Q123: Regarding capital projects funds, which of the
Q124: A major source of funding for Capital
Q126: A non-expendable trust which benefits a government
Q127: Regarding Capital Projects Funds, which of the
Q128: The principal of permanent funds is classified
Q129: Which of the following is true with
Q130: Since long-term liabilities are not recorded in