ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.
18th Edition
ISBN: 9781260949766
Author: RECK
Publisher: MCG
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Chapter 8, Problem 17.4EP

Fiduciary fund activities are not included in the government-wide financial statements

  1. a.      Because the resources in the funds are not owned by the government.
  2. b.      Unless the government has an interest in the fund activities.
  3. c.       If there is no fiduciary net position in the fund.
  4. d.      When there are offsetting liabilities.
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ACCT GOV.+NFP ENTITIES LOOSELEAF W/CONN.

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What is Fund Accounting?; Author: Aplos;https://www.youtube.com/watch?v=W5D5Dr0j9j4;License: Standard Youtube License