Which of the following statements regarding the financial reporting of agency funds is not true? a. Fiduciary
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Question:
Which of the following statements regarding the financial reporting of agency funds is not true?
a. Fiduciary activates are reported only in the fiduciary fund financial statement.
b. Agency fund financial information is reported in a separate column of the government- wide statement of activities.
c. Agency fund are not included in the statement of changes in fiduciary net position.
d. GASB standards do not require disclosure of the assets and liabilities of individual agency funds.
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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