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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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    A Non-Expendable Trust Which Benefits a Government or Its Citizenry
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A Non-Expendable Trust Which Benefits a Government or Its Citizenry

Question 121

Question 121

True/False

A non-expendable trust which benefits a government or its citizenry and which stipulates that earnings only not principal) may be used for its prescribed purpose would be reported in a Special Revenue Fund.

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