Question: A city is finalizing its financial statement and has one last fund to consider. An internal service fund for technology services. Where should that fund
A city is finalizing its financial statement and has one last fund to consider. An internal service fund for technology services. Where should that fund be presented on the government wide financial statements
A. as a stand alone item under the business type activities of the statements
B. as part of the fiduciary fund’s financial statements
C. in the government funds section of the financial statements
D. as part of the enterprise funds portion
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The answer is option C which is in the government funds section of the financial statements An Int... View full answer
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