Complete the following questions in Ch. 8 in in 90 to 175 words each
|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?|
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