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A Local Civic Group Gave the County Government $25,000 Cash

Question 55

Multiple Choice
A local civic group gave the county government $25,000 cash to be used to pay the utility bills of persons with income below the poverty level. The city should account for the $25,000 contribution in:

A local civic group gave the county government $25,000 cash to be used to pay the utility bills of persons with income below the poverty level. The city should account for the $25,000 contribution in:


A) An investment trust fund.
B) The General Fund.
C) A permanent fund.
D) Private-purpose trust fund.

Correct Answer:

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