Do you agree with either of these individuals

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Reference no: EM13129750

A new employee of the City of Kashime was working with the accounting records of several of its funds. This employee wanted to set up a Permanent Fund for the principal of some donations to the library and use a Special Revenue Fund to account for the earnings of the investments and their use. Another employee argued that a Private Purpose Trust Fund should be used for both principal and income. Do you agree with either of these individuals, or do you have a better suggestion?

Reference no: EM13129750

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