Multiple Choice
Pass-through grants are reported in an Agency Fund of the primary recipient
A) In all cases.
B) Unless the primary recipient holds the resources longer than one year prior before paying the subrecipients.
C) Only if the primary recipient has no direct financial involvement in the grant program.
D) Only if the primary recipient has no administrative or direct financial involvement in the grant program.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A government receives a donation of $300,000
Q3: The General Fund transfers $75,000 of employer
Q4: In a Tax Agency Fund, revenues must
Q5: A county uses an agency fund to
Q6: A Pension Trust Fund that is provided
Q8: Equity in a fiduciary fund is referred
Q9: A government establishes an Investment Trust Fund.
Q10: In government-wide, proprietary fund, and fiduciary fund
Q11: A government receives a donation of $300,000
Q12: The accounting parameters established by GASB Statement