Which of the Following Is True Regarding Financial Reporting for Internal

question 36

Multiple Choice

Which of the following is True regarding financial reporting for internal service funds?

• A) Internal service funds are reported in the governmental fund financial statements.
• B) Internal service funds are aggregated and reported as a major fund in the proprietary fund financial statements.
• C) Internal service funds are generally reported in the Business-type Activities column of the government-wide financial statements.
• D) Internal service funds are generally reported in the Governmental Activities column of the government-wide financial statements.

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Definitions:

Peak-to-peak

The difference in voltage between the highest and lowest points in a waveform.

Effective

Producing a decided, decisive, or desired effect; efficiency in producing a desired result.

RMS

Root Mean Square, a statistical measure of the magnitude of a varying quantity, often used to compute the effective value of an alternating current or voltage.

Apparent

Refers to the apparent power in an AC circuit, combining both the real (true) power and reactive power, measured in volt-amperes (VA).