Which Fund Type Would Be Reported in the Statement of Revenues

question 4

Multiple Choice

Which fund type would be reported in the Statement of Revenues, Expenditures, and Changes in Fund Balance?

• A) Enterprise Funds.
• B) Internal Service Funds.
• C) Permanent Funds.
• D) Pension trust funds.

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Definitions:

Actual Results

The real outcomes or data recorded from operations or activities, compared to projections or budget expectations.

Net Operating Income

A company's income after operating expenses are deducted, but before income taxes and interest expenses are subtracted.

Flexible Budget

A budget that adjusts or varies with changes in the volume or activity level of a company.

Units

Measurements or quantities of a product or service, often used as a basis for transactions and inventory.