5. The accounting equation for agency funds is: a Current assets Noncurrent assets All liabilities

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5. The accounting equation for agency funds is:

a Current assets  Noncurrent assets  All liabilities  Fund balance b Current assets  Noncurrent assets  All liabilities  Net position c Current assets  Noncurrent assets  All liabilities  Net position d Assets  Liabilities Accounting for State and Local Governmental Units—Proprietary and Fiduciary Funds 731

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Advanced Accounting

ISBN: 9781292214597

13th Global Edition

Authors: Joseph H. Anthony, Bruce Bettinghaus, Floyd A. Beams, Kenneth Smith

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