Does an Agency Fund have a fund balance? Why or why not?
Answer to relevant QuestionsList the three ways identified by the GASB in which financial reporting can help users assess governmental accountability.Conduct a search on the Internet to find current news about the funded status of pension and OPEB plans for state and local governments. What do you find? State your source.What kind of information is compared in a budgetary comparison schedule? How are pledges that are expected to be uncollectible reported in the financial statements of NFPOs.What is a journal, and how is it used in the accounting process?
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