What are permanent funds used to account for? In light of the requirement that governmental funds can

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What are permanent funds used to account for? In light of the requirement that governmental funds can recognize revenues only when they are measurable and available, how can a permanent fund ever recognize revenue

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Government and Not-for-Profit Accounting Concepts and Practices

ISBN: 978-1119495857

8th edition

Authors: Michael H. Granof, Saleha B. Khumawala, Thad D. Calabrese, Daniel L. Smith

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Question Posted: Feb 21, 2020 05:51 AM

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What are permanent funds used to account for? In light of the requirement that governmental funds can

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Permanent funds are used to account for the nonexpendable portion of endowments that are held t...View the full answer

Government and Not-for-Profit Accounting Concepts and Practices

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