3. A government-wide statement of netposition may include a column for each of thefollowing except:A. business type activitiesB. component unitsC. governmental activitiesD. major funds4.Which type of interfund transactions resultin one fund reporting revenues?A. interfund advancesB. interfund services provided and usedC. reimbursementsD. transfers

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3. A government-wide statement of net position may include a column for each of the following except: A. business type activities B. component units C. governmental activities D. maior funds

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

3. A government-wide statement of net
position may include a column for each of the
following except:
A. business type activities
B. component units
C. governmental activities
D. major funds
4.Which type of interfund transactions result
in one fund reporting revenues?
A. interfund advances
B. interfund services provided and used
C. reimbursements
D. transfers

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