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  3. Study Set
    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
  5. Question
    Fiduciary Funds Are Used to Account for Assets Held by a Government
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Fiduciary Funds Are Used to Account for Assets Held by a Government

Question 130

Question 130

True/False

Fiduciary Funds are used to account for assets held by a government acting as a trustee or agent for entities external to the governmental unit: Including individuals, organizations, and other governmental units.

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