Select one a Cash 2000 Revenues 2000 b Cash 2000 Transfer in from General Fund

Select one a cash 2000 revenues 2000 b cash 2000

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Select one: a.
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Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 b. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Transfer in from General Fund . . . . . . . . . . . . . . . . . . . . . 2,000 c. Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Transfer in from Enterprise Fund. . . . . . . . . . . . . . . . . . . 2,000 d. Due from General Fund . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000 Which of the following financial statements is not required for Internal Service Funds? Select one: a. Statement of net position b. Budgetary comparison statement c. Statement of cash flows d. Statement of revenues, expenses, and changes in net position
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e. All of the above are required. The city of Steveville is preparing its annual financial statement. A new employee, Victoria Watson, is responsible for preparing the basic financial statements for the city’s three Internal Service Funds. Where should Victoria report the Internal Service Fund activity in the combined financial statements? Select one: a. Any major Internal Service Funds should be reported in separate columns in the proprietary fund financial statements and nonmajor Internal Service Funds should be reported in a column with nonmajor Enterprise Funds. b. Internal Service Funds should be reported in their own separate set of financial statements that shows a column for each major Internal Service Fund with the remainder of Internal Service Funds aggregated in a single column.
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  • Fall '16
  • Generally Accepted Accounting Principles, Internal Service Fund, Golf Course Enterprise Fund

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