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How does financial reporting of the funds differ

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Question - If a city has a responsibility for endowed resources, how would city management decide whether to account for the resources in a permanent fund or a trust fund? How does financial reporting of the funds differ?

Reference no: EM132031462

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How does financial reporting of the funds differ : If a city has a responsibility for endowed resources, how would city management decide whether to account for the resources in a permanent fund or a trust fund
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