Solution-What amount of assets and liabilities

What amount of assets and liabilities

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Question - At year end, a county tax agency fund's only asset was $510,000 in cash. The cash was collected on behalf of the following entities:

County-$300,000

School district-$160,000

Fire district-$50,000

In the county basic financial statements, the tax Agency Fund should report what amount of assets and liabilities?

Reference no: EM132932929

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What amount of assets and liabilities

Reference no: EM132932929

Reference no: EM132932929

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