Permanent funds account for resources that are donor restricted to the extent earnings but not principal may be used to support government programs.
Correct Answer:
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Q54: Permanent funds may spend both earnings and
Q55: Budgets are typically not recorded for Special
Q56: Since long-term liabilities are not recorded in
Q57: Budgets are typically recorded for Capital Projects
Q58: A gift of $1,000,000 to a city,
Q60: Budgets are typically recorded for Debt Service
Q61: Which of the following statements is false?
A)
Q62: Budgets are typically recorded for which of
Q63: Debt service funds may be required to
Q64: Debt service funds are created for debt
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