Complete the following questions in Ch. 8 in in 90 to 175 words each: “� 8-1 “� 8-2 “� 8-3 on p. 339 Click the Assignment Files tab to submit your assignment. 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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