A Local Golfer Contributed $100,000 to the City Stipulating That

question 45

Multiple Choice

A local golfer contributed $100,000 to the city stipulating that the money be invested and that the earnings thereon be used for maintenance of the city golf course.The $100,000 would most appropriately be recorded in a(an)

• A) Agency fund.
• B) A permanent fund.
• C) Private-purpose trust fund.
• D) Investment trust fund.

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Definitions:

Neurosis

A class of functional mental disorders involving distress but not delusions or hallucinations, where behavior is not outside socially acceptable norms.

Sociopathic

Pertaining to a pattern of antisocial behavior or lack of conscience and empathy, often associated with a personality disorder.

Character Disorders

A diverse group of mental disorders characterized by deeply ingrained, inflexible patterns of thinking, feeling, or relating to others.

Coping Resources

Strategies, mechanisms, or tools that individuals employ to manage, endure, or adapt to stress, adversity, or trauma.