A government held the following equity securities in its debt service fund as of January 1, 2018. During 2018 it engaged in the following transactions as indicated. A. Ignoring dividends, what would be the effect of the transactions on 2018 debt service fund revenues or expenditures?
B. What would be the effect of the transactions on 2018 government-wide revenues or expenses?

Question

A government held the following equity securities in its debt service fund as of January 1, 2018. During 2018 it engaged in the following transactions as indicated.  A. Ignoring dividends, what would be the effect of the transactions on 2018 debt service fund revenues or expenditures?
B. What would be the effect of the transactions on 2018 government-wide revenues or expenses?

Quizplus · Accepted Answer

The Answer of A government held the following equity securities in its debt service fund as of January 1, 2018. During 2018 it engaged in the following transactions as indicated.  A. Ignoring dividends, what would be the effect of the transactions on 2018 debt service fund revenues or expenditures?
B. What would be the effect of the transactions on 2018 government-wide revenues or expenses?

A Government Held the Following Equity Securities in Its Debt