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With respect to Permanent Funds, which of the following is not true? Multiple Choice Permanent Funds are included in the government - wide statements. Permanent

With respect to Permanent Funds, which of the following is not true?
Multiple Choice
Permanent Funds are included in the government-wide statements.
Permanent Funds use the current financial resources measurement focus.
The principal is classified as Nonspendable Fund balance.
Permanent Funds are fiduciary funds and not reported in the government-wide statements.
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