(Solved) An Internal Service Fund (ISF) provided services to two agencies financed by the

An Internal Service Fund (ISF) provided services to two agencies financed by the General Fund -- the Tax Department (which it billed $200,000) and the Comptroller's Office (which it billed $100,000). In the fund financial statements, the ISF reported a loss of $30,000. How should this information be reported in the government-wide statement of activities?
      a.   Under "business-type activities," in a separate line captioned ISF, revenues of $300,000, expenses of $330,000, and net expenses of ($30,000) should be reported
      b.   Under "governmental-type activities," in a separate line captioned ISF, revenues of$300,000, expenses of $330,000, and net expenses of ($30,000) should be reported
      c.   ISF activities should not be reported, but expenses reported for the Tax Department and the Comptroller's Office should be increased by $20,000 and $10,000, respectively
      d.   ISF activities should not be reported, but expenses reported for the Tax Department and the Comptroller's Office should be reduced by $20,000 and $10,000, respectively

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An Internal Service Fund (ISF) provided services to two agencies financed by the

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