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Investment income of $85,000 is earned and received in cash on investments made using money received from a generous citizen. The money is held in
Investment income of $85,000 is earned and received in cash on investments made using money received from a generous citizen. The money is held in trust to finance acquisitions of the public art gallery, outlays are limited to earnings and the original contribution cannot be spent. Fund financial statements: Which fund is the transaction recorded in?
Answer Description Debit Credit Government-wide statements: Item(s) is/are reported as Answer Description Debit Credit
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