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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    Custodial Funds Are Used Only If a Government Holds Resources
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Custodial Funds Are Used Only If a Government Holds Resources

Question 2

Question 2

True/False

Custodial funds are used only if a government holds resources in a custodial capacity for others.

Correct Answer:

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