An Internal Service Fund (ISE) provided services to two agencies financed by the General Fund the Tax Department which it billed.200,000) and the Office (which it billed $100,000). In the fund financial statements, the ISP reported a loss of $36.000 

How should this information be reported in the government Wide Statement of activities:

Under "business-type activities in a separate line captioned ISE. revenues of 100.0, expenses of 336.00, ad not expenses of ($16.000 should be reported Under governmental type activities in a separate line captioned 15 revenues of $300.000, expenses of s.116.000 de expenses of $36.000 sold be reported 

ISP activities should not be reported, but expenses reported for the Tax Department and the Office ball be increased by 524.000 and 12.000 respectively 1SF activities should not be reported, but expenses reported for the Tax Department of the Comptrollers Office should be reduced by $4.000 and 512.000, Respectively

Answer rating: 100% (QA)

Option C ISF activities should not be reported ... View the full answer