1. Agency Funds are classified as $qquad$ type funds. 2. An Agency Fund is used when the...

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1. Agency Funds are classified as $\qquad$ type funds.
2. An Agency Fund is used when the governmental unit is the $\qquad$ of resources that belong to some other organization.
3. Agency Funds (do or do not) $\qquad$ have title to the resources in the fund.
4. The financial statement for an Agency Fund is $\qquad$ .
5. Revenues generated by the activities recorded in an Agency Fund are usually recorded in the $\qquad$ Fund.
6. Agency Funds (are or are not) $\qquad$ used only as tax collection funds.

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Introduction To Government And Not For Profit Accounting

ISBN: 9780130464149

5th Edition

Authors: Martin Ives, Joseph R. Razek, Gordon A. Hosch

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