The city of Hannah has established a trust to provide resources to offset the costs of maintenance
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The city of Hannah has established a trust to provide resources to offset the costs of maintenance of the city-owned cemetery. The majority of the resources of this trust will be cemetery plot sales and donations from families of those buried in the cemetery. The trust corpus is nonexpendable in nature. Transactions associated with this trust activity would most likely be accounted for in
a. the General Fund.
b. a Special Revenue Fund.
c. a Private-Purpose Trust Fund.
d. a Permanent Fund.
e. an Enterprise Fund.
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Related Book For
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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