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ACC380_Week2 Discussion 2

ACC380_Week2 Discussion 2 - 5-2 When determining which fund...

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Unformatted text preview: 5-2 When determining which fund to report trust activities to we should consider whether the trust will benefit an individual or private organization or whether it will benefit the government and its citizens. If it is to benefit an individual or private organization it should be reported in the private purpose trust fund. If it will benefit the government then it would be reported in a permanent fund (if the principle is to be maintained), or a special revenue fund. ...
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