Author Question: The report which shows a firm's assets, liabilities, and owner's equity as of a specific date is ... (Read 38 times)

bobthebuilder · **on:** Jul 5, 2018

The report which shows a firm's assets, liabilities, and owner's equity as of a specific date is called the ___________________ _.
Fill in the blank(s) with correct word

Question 2

A state collects sales taxes not only for itself, but also on behalf of all cities within the state. What type of fund should the state use to account for the sales taxes held for the cities?

a. Private Purpose Trust Fund
b. Agency Fund
c. Special Revenue Fund
d. Investment Trust Fund