Which of the following statements is correct? I. In the governmentwide financial statements, internal service fund activities

Question:

Which of the following statements is correct?

I. In the governmentwide financial statements, internal service fund activities are reported in the Governmental Activities column.

II. The total balance for the governmental funds that is reported on the governmental funds balance sheet will not equal the total net position of governmental

activities that is reported on the governmentwide statement of net position.

a. I only.

b. II only.

c. I and II.

d. Neither I nor II.

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