True/False
If a government has no potential liability for payment of special assessment debt in the event of default by the property owners, then an agency fund may be used to account for the proceeds of the special assessment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q104: GASB No. 53 establishes reporting requirements for
Q105: When a contributor and a government agree
Q106: Which of the following is true regarding
Q107: Describe the accounting treatment of Agency Funds,
Q108: Which of the following statements is not
Q110: An employee enrolls in a pension plan
Q111: Governments offering postemployment benefits to their retired
Q112: The tax agency fund of Eden County
Q113: Which of the following is true regarding
Q114: GASB has issued a proposed standard that