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goji.go goji.go
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9 years ago
A city government levies property taxes that are recorded directly into a Debt Service Fund, rather than the General Fund. How should those property taxes be reported in the government-wide statement of activities?
      a.   as property tax revenue in the general revenues section
      b.   as a direct reduction of interest expenses in the functional expense section
      c.   as an element of program revenue, which reduce gross interest expenses
      d.   as a negative expense, which is then allocated to all functions or programs
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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