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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
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    If a Trust Is to Be Used for the Benefit
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If a Trust Is to Be Used for the Benefit

Question 125

Question 125

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.

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