Business, 19.12.2019 06:31 ramose7021

Agovernmental entity 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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Agovernmental entity receives a gift of cash and investments with a fair value of $200,000. the dono...

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