Multiple Choice
The trust fund for a school library is required to prepare financial statements that include
A) Balance Sheet and Income Statement.
B) Statement of Revenues,Expenses and Changes in Fiduciary Net Assets.
C) Statement of Fund Balance and Statement of Changes in Fund Balance.
D) Statement of Fiduciary Net Assets and Statement of Changes in Fiduciary Net Assets.
Correct Answer:
Verified
Correct Answer:
Verified
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