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Author Question: Interest revenue earned by an Internal Service Fund will be reported on the statement of revenues, ... (Read 25 times)

silviawilliams41

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on: Jul 5, 2018
Interest revenue earned by an Internal Service Fund will be reported on the statement of revenues, expenses, and changes in net position as
 
  A. Operating revenue.
  B. Non-operating revenue.
  C. An other financing source.
  D. A capital contribution.

Question 2

Which of the following items would be subtracted from changes in fund balance in reconciling the governmental funds operating statement information to the changes in net position in the government-wide statement?
 
  A. Depreciation.
  B. Capital outlay expenditures.
  C. Internal Service Fund increase in net position.
  D. Repayment of bond principal.


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soda0602

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

A


silviawilliams41

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Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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