Describe the fiduciary funds. Specifically, describe the characteristics of; the pension trust fund; the private purpose trust fund; the investment trust fund. Also, discuss why these funds use full accrual accounting and the economic resources measurement focus.
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Describe the fiduciary funds. Specifically, describe the characteristics of; the pension trust fund; the private purpose trust fund; the investment trust fund. Also, discuss why these funds use full accrual accounting and the economic resources measurement focus.
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