Which of the Following Best Expresses the General Rule Regarding

question 39

Multiple Choice

Which of the following best expresses the general rule regarding the reporting of operating revenues,nonoperating revenues,and special items in the proprietary funds statement of revenues,expenses,and changes in fund net position?

• A)operating revenues,nonoperating revenues,and special items should be reported in separate sections of the statement.
• B)operating revenues,nonoperating revenues,and special items should be included in a single section,headed "Revenues and other gains."
• C)special items should be included as nonoperating revenues,but operating revenues and nonoperating revenues should be reported in separate sections of the statement.
• D)nonoperating revenues and special items should be netted against nonoperating expenses and reported as a single item,captioned "other."