Permanent funds can be either a governmental fund or a fiduciary fund where only income on donated assets may be spent.
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Q26: Infrastructure is capitalized by state and local
Q27: The government-wide statements and the fund statements
Q28: Fund-basis statements are presented for three categories
Q29: Businesslike activities fund statements must be changed
Q30: Under the accrual basis of accounting, revenues
Q32: The economic resource measurement focus and accrual
Q33: State and local governments may use twelve
Q34: Comparison of the legally approved budget with
Q35: General fixed assets of the government are
Q36: Long-term debt associated with governmental activities i.e.
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