Entity also encompasses a group of related or unrelated commercial functions, revolving funds, trust funds, and/or other accounts for which financial statements will be prepared in accordance with OMB annual guidance on Form and Content of Financial Statements.
Trust funds can be entities.
Trust funds cannot be entities.
A kid is working on something.
a child is running through a fountain
The beaches there are the worst in the Mediterranean.
Some people looking through a microscope.
A man in a pink shirt wrapped up in a blue blanket asleep in a car.
A biker is is going through the mud.