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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
    Briefly Explain the Difference Between a Custodial Fund and a Trust
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Briefly Explain the Difference Between a Custodial Fund and a Trust

Question 71

Question 71

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Briefly explain the difference between a custodial fund and a trust fund.

Correct Answer:

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Before a fund can be considered either a...

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