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1) Assets accumulated in a trust fund must conform to which of the following provisions? A) State and local laws B) The trust agreement C)
1) Assets accumulated in a trust fund must conform to which of the following provisions?
A) State and local laws B) The trust agreement C) The modified accrual basis of accounting D) All of the above E) Both a and b
2) What type of Pension Trust Fund account should be credited for contributions to the trust fund?
A) A revenue account B) An expenditure account C) An additions account D)A net assets account
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