Multiple Choice
Which of the following statements are required for a Tax Agency Fund?
A) Statement of revenues, expenditures and changes in net position
B) Statement of revenues, expenses, and changes in net position
C) Statement of cash flows
D) Statement of changes in assets and liabilities.
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
Q7: Pass-through grants are reported in an Agency
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