Unless use of an agency fund is mandated by law, by GASB standards, or by decision of the governing board of a government, an agency relationship may be accounted for within governmental and/or proprietary funds.
Correct Answer:
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Q1: Assets held in by a government acting
Q2: The Fiduciary Funds are included in the
Q3: Fiduciary Funds are used to account for
Q4: Fiduciary Fund activities report in terms of
Q6: The term "fiduciary funds" include agency, pension
Q7: Fiduciary funds are reported only in the
Q8: The categories on the Statement of Changes
Q9: The required financial statements for agency funds
Q10: Agency funds report the excess of assets
Q11: Fiduciary fund financial statements include the Statement
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