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A company in a locality donates RO 10,000 to the municipality to be used for improving the parking facilities in the local industrial area. The
A company in a locality donates RO 10,000 to the municipality to be used for improving the parking facilities in the local industrial area. The donors require that the expenses should be met using the income generated from fund investments. Accordingly, the municipality invests the amount in high rated government bonds. In which fund would the resources be accounted in? O a. Permanent funds O b. Enterprise funds O c. Expendable trust funds O d. Capital project funds
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