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Chase Foundation establishes a $1,000,000 trust for a government university. The local bank is appointed as trustee of the fund . The income the trust
Chase Foundation establishes a $1,000,000 trust for a government university. The local bank is appointed as trustee of the fund . The income the trust can be used to support any activity of the university. In the university's statement of net position, the $1,000,000 trust should be included in which component of net position
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