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Which of the following activities would most appropriately be recorded by an agency fund? a. Donations collected for improvements to the public library. b. Deposits

Which of the following activities would most appropriately be recorded by an agency fund?

a. Donations collected for improvements to the public library.

b. Deposits held for customers of a municipal-owned electric utility.

c. Taxes collected by a county government on behalf of cities within the county.

d. Assets held for college scholarships to be awarded to the children of police officers.

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