Which of the following activities would most likely be accounted ...

[elizabeth18]

Which of the following activities would most likely be accounted for in an Agency Fund that would be reported in the external financial statements?
 
  A. Tax collections by a county on behalf of local municipalities.
  B. Interfund loan payments and disbursements.
  C. A Federal pass-through grant.
  D. Special assessments for debt on which the government is not obligated in any manner.

Question 2

A record is a collection of related data fields pertaining to a particular entity or event.
  Indicate whether the statement is true or false

[Meganchabluk]

Answer to Question 1

A

Answer to Question 2

T

[elizabeth18]

Great answer, keep it coming

[aruss1303]

Thanks for the timely response, appreciate it