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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
    Custodial Funds Should Utilize the Modified Accrual Basis of Accounting
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Custodial Funds Should Utilize the Modified Accrual Basis of Accounting

Question 1

Question 1

True/False

Custodial funds should utilize the modified accrual basis of accounting.

Correct Answer:

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