Funds whose earnings benefit individuals,private organizations,or other governments are reported in permanent funds.

Name: Funds whose earnings benefit individuals,private organizations,or other governments are reported in permanent funds.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Permanent funds are used to report resources that are restricted to the extent that only earnings, and not principal, may be used for purposes that benefit the government or its citizenry, not individuals or private organizations.

Funds Whose Earnings Benefit Individuals,private Organizations,or Other Governments Are Reported