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Business, 22.06.2019 12:00 jybuccaneers2022

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

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Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specifi...
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