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Government and Non-Profit Accounting, accounting homework help
Complete the following questions in Ch. 8 in in 90 to 175 words each:
- 8-1
- 8-2
- 8-3 on p. 339
Click the Assignment Files tab to submit your assignment.
8-1. | Explain the distinction(s) between agency funds and trust funds. What financial statements are prepared for each? |
8-2. | Identify the different types of trust funds and explain the purpose of each type. |
8-3. | Describe the basic activities conducted by a tax agency fund. What are some of the issues that make tax agency fund accounting complex? |
Part two
Exercises and Problems
4-15 | Examine the CAFR. Utilizing the comprehensive annual financial report obtained for Exercise 1-16, follow these instructions.
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