Which of the following funds of Chessie City would be consolidated to form the governmental activities column in the city's government-wide financial statements?
A)General fund, special revenue fund, and agency fund.
B)General fund, debt service fund, and capital projects fund.
C)General fund, enterprise fund, and fiduciary fund.
D)Enterprise fund and internal service fund.

Question

Quizplus · Accepted Answer

The governmental activities column in the government-wide financial statements should include funds that are used to account for the city's primary government operations. The General fund, Debt service fund, and Capital projects fund are all funds that account for the city's primary government operations, and therefore, would be consolidated to form the governmental activities column. The other funds listed do not account for primary government operations and would not be included in the governmental activities column.

Which of the Following Funds of Chessie City Would Be