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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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This note was uploaded on 08/14/2011 for the course ACC 380 taught by Professor Any during the Spring '11 term at Ashford University.
- Spring '11