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Select the Most Accurate Statement

question 13

Multiple Choice

Select the most accurate statement:


Definitions:

Capital Fund

A reserve of capital that can be used for investment, growth, or to cover future liabilities or expenditures.

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.

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