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.

Question

Quizplus · Accepted Answer

Internal service funds are reported in the Governmental Activities column of the government-wide financial statements because they primarily serve departments within the government itself.

Which of the Following Is True Regarding Financial Reporting for Internal