How Should Financial Information for Internal Service Funds Be Reported

question 42

Multiple Choice

How should financial information for internal service funds be reported in the government-wide financial statements?

• A) As part of governmental activities.
• B) As part of business-type activities.
• C) Amounts allocated proportionately between governmental and business-type activities.
• D) Usually as part of governmental activities, unless the internal service fund predominantly serves one or more enterprise funds.

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Definitions:

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A personality trait characterized by moodiness, anxiety, and emotional instability.

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A personality trait that is characterized by outgoingness, high energy, and sociability.

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