A city operates a swimming pool as a proprietary fund because there is a $2 admission fee. In fund financial statements, where is this revenue reported?

A) Statement of Net Position. 

B) Statement of Revenue, Expenditures, and Other Changes in Fund Balance. 

C) Statement of Revenue, Expenses, and Other Changes in Fund Balance. 

D) Statement of Net Revenue and Expenses. 

E) Statement of Revenue, Expenses, and Other Changes in Net Position.

Answer rating: 100% (QA)

A government wide financial statement and a fund financial statement vary in the following aspects A ... View the full answer