ACCT FOR GOV AND NON PROFIT W/ ACCESS
ACCT FOR GOV AND NON PROFIT W/ ACCESS
18th Edition
ISBN: 9781264163717
Author: RECK
Publisher: MCG
Question
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Chapter 8, Problem 15C

a)

To determine

Explain the reasons for establishing the GASB Standard No. 84 by GASB.

b)

To determine

Explain the meaning of the word “an equivalent arrangement” from the paragraph 8a of the standard no. 84.

c)

To determine

Explain the reasons for reporting the assets in the financial statements as GASB even the fiduciary assets are not a part of the government reporting entity.

d)

To determine

Explain the reasons for allowing for aggregation of custodial funds and state the circumstances that allow the aggregation.

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Chapter 8 Solutions

ACCT FOR GOV AND NON PROFIT W/ ACCESS

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