Multiple Choice
Which of the following activities would most likely be accounted for in an Agency Fund that would be reported in the external financial statements?
A) Tax collections by a county on behalf of local municipalities.
B) Interfund loan payments and disbursements.
C) A Federal pass-through grant.
D) Special assessments for debt on which the government is not obligated in any manner.
Correct Answer:
Verified
Correct Answer:
Verified
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