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    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
  5. Question
    Agency Funds Are Not Included in the Statement of Changes
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Agency Funds Are Not Included in the Statement of Changes

Question 18

Question 18

True/False

Agency funds are not included in the Statement of Changes in Net Position because they have no revenues additions or expenses deductions.

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