Which of the Following Activities Would Most Likely Be Accounted

question 13

Multiple Choice

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 where the primary government has administrative involvement in the grant program.
• D) Special assessments for debt on which the government is not obligated in any manner.

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