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Author Question: Interest revenue earned by an Internal Service Fund will be reported on the statement of revenues, ... (Read 21 times)

silviawilliams41

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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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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 :)


ktidd

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Reply 3 on: Yesterday
:D TYSM

 

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