In the current year, Lotus City earned $24,000 on the principal of a private-purpose trust fund but disbursed only $20,000. During the current year the private-purpose trust fund will recognize, related to earnings: Group of answer choices $24,000 revenues. $20,000 revenues. $24,000 addition to net position. $20,000 addition to net position.

Answer rating: 100% (QA)

In the current year Lotus City earned 24000 on the principal o... View the full answer