Which of the Following Statements Is not True Regarding Agency

question 59

Multiple Choice

Which of the following statements is not true regarding agency funds?

• A) Agency funds use modified accrual accounting.
• B) Agency funds report only assets and liabilities; no fund equities, revenues, or expenditures are recorded.
• C) Agency funds are reported in the fiduciary funds Statement of Fiduciary Net Position.
• D) None of the above; all are true.

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Definitions:

Conscientiousness

A personality trait characterized by diligence, carefulness, thoroughness, and the desire to do a task well.

Big Five

A model in psychology that describes human personality through five broad dimensions: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Workplace Behaviours

Refers to the range of actions and interactions among employees within an organization, influencing its culture and performance.

Performance

The act of carrying out or accomplishing an action, task, or function, often measured against predetermined standards.