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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    A Custodial Fund Should Be Used to Account for Special
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A Custodial Fund Should Be Used to Account for Special

Question 13

Question 13

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.

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