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Which of the following statements concerning agency funds is true? Agency funds use the same basis of accounting as permanent funds Agency funds are reported
Which of the following statements concerning agency funds is true?
- Agency funds use the same basis of accounting as permanent funds
- Agency funds are reported only on the statement of fiduciary net assets
- Agency funds use the temporary accounts Additions and Deductions
- Agency funds never receive cash
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Applied Cost Benefit Analysis
Authors: Robert J. Brent
2nd Edition
1843768917, 978-1843768913
