An Endowment to Support Scholarships Would Most Likely Be Accounted

question 50

Multiple Choice

An endowment to support scholarships would most likely be accounted for in which of the following fund types?

• A) Agency Fund.
• B) Investment Trust Fund.
• C) Private-Purpose Trust Fund.
• D) None of the Above.

---

Definitions:

High Speed Internet

High speed internet refers to broadband internet service that provides high data rate access to the internet, facilitating faster browsing, streaming, and downloading.

Cable Television

A system for delivering television programming to paying subscribers via radio frequency signals transmitted through coaxial cables or digital light pulses.

Oligopolists

Companies or entities that dominate an oligopoly, controlling significant market share and influencing prices and competition.

Unenforceable Contracts

Contracts that cannot be executed or enforced by law due to lack of essential legal requirements.