Accounting for Proprietary Funds and Fiduciary Activities-Agency and Trust Funds (5)

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Question
Accounting for Proprietary Funds and Fiduciary Activities-Agency and Trust Funds (5)
You are the sole contributor to a philanthropically-based foundation. Specify whether investment gains should be expendable or non-expendable. Present your key argument in favor and against permitting the gain to be expendable.
Answer
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