Which of the Following Activities Would Most Appropriately Be Recorded

question 19

Multiple Choice

Which of the following activities would most appropriately be recorded by a trust fund?

• A) Donations collected for improvements to the public library.
• B) Deposits held for customers of a municipal-owned electric utility.
• C) Assets held for investment, the earnings from which are used for maintenance of the City Cemetery.
• D) Assets held for college scholarships to be awarded to the children of police officers.

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