What are the primary differences between a permanent fund (governmental) and a private-purpose trust fund (fiduciary)?

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Advanced Financial Accounting

ISBN: 978-0078025624

10th edition

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

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Question Posted: May 23, 2014 12:32 PM

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What are the primary differences between a permanent fund (governmental) and a private-purpose trust fund (fiduciary)?

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A permanent fund is a governmental fund for which the principal ...View the full answer

Advanced Financial Accounting

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