QUESTION 8 For each of the situation below, identify the correct fund to be used...
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QUESTION 8 For each of the situation below, identify the correct fund to be used to account for it. This fund is used in order to finance the construction of a new bridge that will connect both sides of the City. A local government spent $200,000 to increase the capacity of a local museum that charges minimum fees for entrance. A Capital projects fund B. Special revenue fund Mohamed will provide investments amounting to $10 million to create an endowment where the earnings will be used to provide food for Covid-19 patients. He is a donor who signed a trust agreement with a local government. C. Private-purpose trust fund D. General Fund E. Enterprise fund For the Public Library in the City of Jersey where she lived. Maryam donated 51,000,000 and this donation is restricted for the purpose of buying books. She mentioned no requirement that the original principal may not be spent. Y
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