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Which of the Following Is a Characteristic of a Custodial

Question 16

Multiple Choice

Which of the following is a characteristic of a Custodial Fund's financial reporting?


A) Its statement of fiduciary net position shows assets, liabilities, and net position
B) Its statement of fiduciary net position shows no net position
C) Its statement of fiduciary net position shows no liabilities
D) Its statement of fiduciary net position shows no assets

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