Which of the following criteria must be met for an activity to be accounted for in a Private Purpose Trust Fund?
A) The assets are administered through a trust in which the sponsoring government is not a beneficiary.
B) Assets in the trust are dedicated to provide benefits to recipients according to the benefit terms.
C) Assets in the trust are legally protected from the creditors of the sponsoring government.
D) All of the above.
Correct Answer:
Verified
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