The drawing account is a temporary account. a. True b. False ...

[mp14]

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

[beccamahon]

Answer to Question 1

True

Answer to Question 2

b

[mp14]

Wow, this really help

[Zebsrer]

Thanks for the timely response, appreciate it