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The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smiths gift agreement mandates that only
The City of Matthews has been given a $1,000,000 gift that is restricted by the donor, Rebecca Smith. Ms. Smiths gift agreement mandates that only the earnings from the gift may be used to support the families of policeman killed in the line of duty. Which fund should be used to account for the gift?
a) Special Revenue Fund
b) Permanent Fund
c) Capital Project Fund
d) Private Purpose Trust Fund
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