Author Question: In what section of the Enterprise Fund statement of revenues, expenses, and changes in fund net ... (Read 48 times)

Wadzanai · **on:** Jul 5, 2018

In what section of the Enterprise Fund statement of revenues, expenses, and changes in fund net position is interest expense generally reported?

a. with operating expenses
b. with nonoperating expenses
c. either with extraordinary or special items, depending on the circumstances
d. with capital contributions and transfers

Question 2

Accrued revenues are ordinarily listed on the balance sheet as current liabilities.
a. True
b. False

Indicate whether the statement is true or false