To what extent should fund or fund type data be displayed on the ...

[Shelles]

To what extent should fund or fund type data be displayed on the face of government-wide financial statements?
 
  a. Information should be displayed for the government as a whole, but individual funds or fund types should not be displayed
  b. Information should be displayed by fund type, with a total for the government as a whole
  c. Information should be displayed by major fund, with a total for the government as a whole
  d. Information should be displayed by major fund, except for fiduciary funds

Question 2

If the debits in the Income Statement columns of the work sheet total 50,000 and the credits total 60,000 before net income or net loss has been determined, the business has a net income of 10,000.
 a. True
   b. False
   Indicate whether the statement is true or false

[aliotak]

Answer to Question 1

a

Answer to Question 2

True