True/False
A custodial fund should be used to account for special assessment billing and collection, and related debt service of special assessment debt, if the government has no responsibility for the debt.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: At the government-wide level, where are fiduciary
Q9: An investment pool could be reported as
Q10: Which of the following is the appropriate
Q11: An investment policy should help an investment
Q12: Explain the purpose of the account "undistributed
Q14: The cash and investment pool of Lake
Q15: Each trust fund type must be reported
Q16: By definition a fiduciary fund that does
Q17: The collection of taxes or other revenues
Q18: Accounting for other postemployment benefits is similar