Permanent Funds use the modified accrual basis and the current financial resources measurement focus at the fund-based reporting level.
Correct Answer:
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Q83: Permanent Funds cannot account for endowments received
Q84: Permanent Funds can account for both temporary
Q85: Endowment contributions received that are accounted for
Q86: Endowment contributions received that are accounted for
Q87: Permanent Funds usually do not have capital
Q89: If an Internal Service Fund is not
Q90: Depreciating capital assets accounted for in Internal
Q91: Internal Service Funds usually do not have
Q92: It is appropriate to use the account
Q93: The formation of an Internal Service Fund
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