The County of Churchville is trustee for a multi-government investment pool and has established an investment trust fund. Included in the investment trust fund, for management purposes, are investments in the amount of $15 million from the County's General Fund, $2 million from the County's special revenue funds and $112 million from other governments. Which of the following would be true?
A) The County would report the $112 million in an investment trust fund and the$17 million in a permanent fund
B) The County would report the $112 million in an investment trust fund, the $15 million in its General Fund and the $2 million in special revenue funds
C) The County would report the entire $129 million in an investment trust fund
D) The County would report the entire $17 million in an investment trust fund
Correct Answer:
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