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Which of the following activities would be accounted for by a trust fund? Deposits held for customers of a city-owned electric utility Assets passed-through the

Which of the following activities would be accounted for by a trust fund?

Deposits held for customers of a city-owned electric utility

Assets passed-through the state government to the local government

Assets held for special assessment bondholders for which the city has not liability

Assets which are used for maintenance of a private golf course, which is used by many city residents

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