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