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    Essentials of Accounting
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    Exam 7: Fiduciary Funds, Inter-fund Transactions
  5. Question
    In an Agency Fund,assets Are Equal To
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In an Agency Fund,assets Are Equal To

Question 9

Question 9

Multiple Choice

In an agency fund,assets are equal to:


A) Liabilities + Net Position
B) Net Position
C) Liabilities
D) There are no assets in an Agency Fund

Correct Answer:

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