Which of the following statements about agency funds is true?
A. Unless use of an agency fund is mandated by law, by GASB standards, or by decision of the governing board of a government, an agency relationship may be accounted for within governmental and/or proprietary funds.
B. An agency relationship that commonly results in the creation of an agency fund is the collection of taxes and other revenues by an official of one governmental unit for other governmental units.
C. Both of the above.
D. Neither of the above.
Answer: C
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According to the texbook, for which reason is leadership important to organizations?
a. Better leadership is associated with the attraction and retention of better performers. b. Leaders tend to identify with, and become committed to, firms with more effective employees. c. Entrepreneurship tends to follow from better organizational leadership. d. Better leadership is more important than better management.
A stock split results in a transfer at market value from retained earnings to paid-in capital
Indicate whether the statement is true or false
An integrated approach to customer service needs to study the total retail experience
Indicate whether the statement is true or false
Explain the advantages and disadvantages of equity financing.
What will be an ideal response?