The correct answer is d. Permanent fund.

Step 1: Understand the question. The question is asking which type of fund budgets the earnings from restricted funds that have been contributed to the government.

Step 2: Define the options.

a. Debt service fund: This is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.

b. Internal service fund: This is used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost-reimbursement basis.

c. General fund: This is the chief operating fund of a government. It is used to account for all financial resources except those required to be accounted for in another fund.

d. Permanent fund: This is used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government’s programs.

Step 3: Choose the

Question

The correct answer is d. Permanent fund.

Step 1: Understand the question. The question is asking which type of fund budgets the earnings from restricted funds that have been contributed to the government.

Step 2: Define the options.

a. Debt service fund: This is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.

b. Internal service fund: This is used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost-reimbursement basis.

c. General fund: This is the chief operating fund of a government. It is used to account for all financial resources except those required to be accounted for in another fund.

d. Permanent fund: This is used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government’s programs.

Step 3: Choose the

Knowee AI · Accepted Answer

The correct answer is d. Permanent fund.

Step 1: Understand the question. The question is asking which type of fund budgets the earnings from restricted funds that have been contributed to the government.

Step 2: Define the options.

a. Debt service fund: This is used to account for the accumulation of resources for, and the payment of, general long-term debt principal and interest.

b. Internal service fund: This is used to account for the financing of goods or services provided by one department or agency to other departments or agencies of the governmental unit, or to other governmental units, on a cost-reimbursement basis.

c. General fund: This is the chief operating fund of a government. It is used to account for all financial resources except those required to be accounted for in another fund.

d. Permanent fund: This is used to account for resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that support the reporting government’s programs.

Step 3: Choose the

Budgets the earnings from restricted funds that have been contributed to the government.Select one:a.Debt service fundb.Internal service fundc.General fundd.Permanent fund

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