Question: ASAP PLEASE I WILL GIVE THUMBS UP!! The county received a $10,000,000 endowment, the terms of which indicate that earnings on the endowment used by

ASAP PLEASE I WILL GIVE THUMBS UP!!

The county received a $10,000,000 endowment, the terms of which indicate that earnings on the endowment used by health and welfare to provide medical services to low-income children. Where the $10,000,000 be recorded?

ASpecial revenue fund.

BPermanent fund.

CPrivate-purpose trust fund.

D Public-purpose trust fund.

The earnings on the assets of a permanent fund used to support the citys library (special revenue fund). How the earnings be recorded?

A.Revenues by the permanent fund.

B.Revenues by the library.

c.Revenues by both the permanent fund and the library.

D.Other financing source by the permanent fund.

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