Author Question: ______________________________ includes data processing functions related to economic events such as ... (Read 27 times)

Coya19@aol.com · **on:** Jul 5, 2018

___________________ ___________ includes data processing functions related to economic events such as accounting events, internal operations and financial statement preparation.
Fill in the blank(s) with correct word

Question 2

A city's Internal Service Fund provides services only to general government departments. During the year, the Internal Service Fund reports operating revenue of 100,000 and operating expenses of 80,000 .

What adjustment is needed to the governmental funds operating statement information to reflect these transactions in the statement of activities in the government-wide statement?
A. Increase revenue by 100,000.
B. Decrease revenue by 20,000.
C. Decrease expenses by 20,000.
D. Increase expenses by 80,000.