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Which of the following is an example of a trust fund? A. A fund used to account for the collection and distribution of taxes to
Which of the following is an example of a trust fund?
A. A fund used to account for the collection and distribution of taxes to several local governments.
B. A fund used to distribute scholarships to the children of the citys police officers.
C. A fund used to account for gasoline taxes collected for road maintenance.
D. A fund used to account for risk management services provided to other funds of the administering government.
Accounting for Governmental and Nonprofit entities e 18
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