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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
    The Collection of Taxes or Other Revenues by One Government
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The Collection of Taxes or Other Revenues by One Government

Question 17

Question 17

True/False

The collection of taxes or other revenues by one government for several of the funds it operates and for other governments often results in the creation of a trust fund.

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