Complete the following questions in Ch. 8 in in 90 to 175 words each:
- 8-3 on p. 339
Complete this assignment in Microsoft Word.
|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?|
Complete the following in Exercise 4-15:
- a. (1)
- b. (1)
- c. (1)
Download a copy of the most recent Comprehensive Annual Financial Report (CAFR) for a city of your choice.
Note: many cities with 25,000 or more population provide Internet access to their CAFRs to answer.
Be sure to note the url of the CAFR you use and tell me the name in your paper.
|4-15||Examine the CAFR. Utilizing the comprehensive annual financial report obtained for Exercise 1-16, follow these instructions.