menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Accounting Study Set 3
  4. Exam
    Exam 7: Fiduciary Funds, Interfund Transactions
  5. Question
    Unless Use of an Agency Fund Is Mandated by Law
Solved

Unless Use of an Agency Fund Is Mandated by Law

Question 91

Question 91

True/False

Unless use of an agency fund is mandated by law, by GASB standards, or by decision of the governing board of a government, an agency relationship may be accounted for within governmental and/or proprietary funds.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q86: A fund that exists when a government

Q87: Escheat property, often collected by the state,

Q88: Employers with defined contribution plans will report

Q89: The required financial statements for agency funds

Q90: The City of DeKalb contributes to three

Q92: When accounting for defined benefit pensions, the

Q93: Fiduciary funds are used to account for

Q94: Which of the following is true regarding

Q95: What is the appropriate accounting treatment for

Q96: What are the four types of fiduciary

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines