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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A city's Internal Service Fund provides services only to general government departments. During the year, the Internal Service Fund reports operating revenue of $100,000 and operating expenses of $80,000. What adjustment is needed to the governmental funds operating statement information to reflect these transactions in the statement of activities in the government-wide statement?
A.   Increase revenue by $100,000.
B.   Decrease revenue by $20,000.
C.   Decrease expenses by $20,000.
D.   Increase expenses by $80,000.
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1 Reply
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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