Which type of account would you assign a gift of $1.5 million dollars with restriction indicating that only the future income generated from this balance can be used by the government?
A) Committed
B) Nonspendable
C) Assigned
D) Unassigned
E) Restricted

Question

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The Answer of Which type of account would you assign a gift of $1.5 million dollars with restriction indicating that only the future income generated from this balance can be used by the government?
A) Committed
B) Nonspendable
C) Assigned
D) Unassigned
E) Restricted

Which Type of Account Would You Assign a Gift of $1.5