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7-8Describe GASB requirements for accounting for Investment Trust Funds. Include a. A discussion of when the use of investment trust funds is appropriateExits when the government is the sponsor of a multi-government investment pool and accounts for the external portion of those trust assets. b. The investments to be included and excludedThe external portion should be includes, Many governments participate in external investment pools where the external portion is to be maintained c. The basis at which investments are to be reportedAgency funds do not r

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