Which of the Following Resources Should Be Accounted for in a Private

question 26

Multiple Choice

Which of the following resources should be accounted for in a Private Purpose Trust Fund?

• A)a gift received from a donor who stipulates in a formal trust agreement that the principal must be kept intact and the income must be used to beautify the state's parks
• B)admissions fees that are legally required,based on state laws,to pay the debt service on the state's new museum and cultural center
• C)dormant bank accounts that escheat to the state,with state laws requiring that the resources be held in perpetuity for the rightful owners
• D)fees received by a state from insurance companies,representing charges for overseeing insurance companies located within the state

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