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please answer the two questions thank you What is the accounting equation used by agency funds? Assets = Liabilities + Net Position Assets - Liabilities
please answer the two questions
thank you
What is the accounting equation used by agency funds? Assets = Liabilities + Net Position Assets - Liabilities = Net Position Assets - Liabilities = Fund Balance O Assets = Liabilities Question 3 (4 points) What are the Net Position categories used by Proprietary Funds? Restricted, Unrestricted, Assigned Net Investment in Capital Assets, Unrestricted. Nonspendable, Restricted, Committed Net Investment in Capital Assets, Restricted UnrestrictedStep by Step Solution
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