With Respect to Permanent Funds,which of the Following Is Not

question 111

Multiple Choice

With respect to Permanent Funds,which of the following is not true?

• A) The principal is classified as Nonspendable Fund balance
• B) Permanent Funds are created when resources are provided by private donation.
• C) Permanent Funds use the current financial resources measurement focus.
• D) Earnings in excess of expenditures must be added to principal corpus.

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Definitions:

Documentaries

Documentaries are a genre of film and television that provide a factual record or report on various subjects, aiming to inform or educate viewers.

Nonconcealed observation

A method of observation in which the subjects are aware that they are being observed, potentially influencing their behavior.

Archival studies

Research methods that involve the examination and analysis of historical records and documents to understand past behaviors or trends.

Systematic observation

An observational research method where data is collected in a structured, organized, and methodical manner.