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Topic
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The City of Opulence maintains an investment pool to invest idle cash. They city extends the service to benefit its own funds as well as other governments. The invested assets would be accounted for as follows:
City-owned funds Funds from other governments
A. Internal service fund Agency fund
B. Investment trust fund Internal service fund
C. Assets of investing fund Investment trust fund
D. Agency fund Assets of investing fundCan someone explain why C is correct?
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