The accounting and financial reporting concepts are virtually the same for which of the following fund types?

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a. Private-Purpose Trust Funds and Permanent Funds
b. Permanent Funds and Pension Trust Funds
c. Pension Trust Funds and Investment Trust Funds
d. Permanent Funds and Agency Funds

Related Book For answer-question

Essentials of Accounting for Governmental and Not-for-Profit Organizations

ISBN: 978-0073527055

10th Edition

Authors: Paul A. Copley

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Posted Date: Aug 26, 2020 01:00 PM

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The accounting and financial reporting concepts are virtually the same for which of the following fund types?

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Expert Answer:

Pension trust funds and investment trust funds A pension believe is an worker retirement fund this is funded through both the employer and the worker ... View the full answer

Essentials of Accounting for Governmental and Not-for-Profit Organizations

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