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Which One of the Following Statements Is Accurate

question 81

Multiple Choice

Which one of the following statements is accurate?


Definitions:

General Fund

The primary operating fund of a government, covering most common services.

Amortization

The gradual reduction of the cost of an intangible asset over its useful life or the process of spreading loan payments across multiple periods.

Unrestricted Contribution

A donation that can be used for any purpose by the recipient organization, without donor-imposed restrictions.

General Fund

The primary operating fund of a government, covering most basic governmental functions.

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