Roy City received a gift, the principal of which is to be invested in perpetuity...
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Roy City received a gift, the principal of which is to be invested in perpetuity with the income to be used to support the local library. In which fund should this gift be recorded? Investment trust fund. Privatepurpose trust fund: Special revenue fund. Permanent fund. 
Roy City received a gift, the principal of which is to be invested in perpetuity with the income to be used to support the local
library. In which fund should this gift be recorded?
Investment trust fund.
Privatepurpose trust fund:
Special revenue fund.
Permanent fund.
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