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    Essentials of Accounting Study Set 3
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    Exam 7: Fiduciary Funds, Interfund Transactions
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    In an Agency Fund, Assets Are Equal To
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In an Agency Fund, Assets Are Equal To

Question 121

Question 121

Multiple Choice

In an agency fund, assets are equal to:


A) There are no assets in an Agency Fund
B) Liabilities + Net Position
C) Net Position
D) Liabilities

Correct Answer:

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