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In the current year, the City of Katerah 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:
A) $24,000 revenues.
B) $20,000 revenues.
C) $24,000 addition to net assets.
D) $20,000 addition to net assets.
Correct Answer:
Verified
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