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Author Question: The drawing account is a temporary account. a. True b. False Indicate whether the statement is ... (Read 92 times)

mp14

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on: Jul 5, 2018
The drawing account is a temporary account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

Which of the following is a characteristic of an Agency Fund's financial reporting?
 
  a. Its statement of fiduciary net position shows assets, liabilities, and fund balance
  b. Its statement of fiduciary net position shows no net position
  c. Its statement of fiduciary net position shows no liabilities
  d. Its statement of fiduciary net position shows no assets


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beccamahon

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Reply #1 on: Jul 5, 2018
Answer to Question 1

True

Answer to Question 2

b


mp14

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  • Posts: 534
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

jojobee318

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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