How Should Internal Service Fund (ISF)activities Be Reported in the Government-Wide

question 34

Multiple Choice

How should Internal Service Fund (ISF) activities be reported in the government-wide statement of activities?

• A)ISF activities should be reported in a separate column
• B)ISF activities should be included in the column headed "business-type activities."
• C)ISF activities should be included in the column headed "governmental-type activities."
• D)ISF activities (revenues and expenses)should be eliminated and interfund profits or losses should be eliminated by decreasing or increasing the costs of the activities that were billed