Which of the following items would not be reported on the financial statements of a special revenue fund?

Question

Quizplus · Accepted Answer

Long-term productive assets are typically reported in the government-wide financial statements and not in the fund-level financial statements of a special revenue fund, which is used to account for specific revenue sources that are legally restricted for particular purposes. The financial statements for a special revenue fund typically report expenditures and revenues, vouchers payable, unreserved fund balance, and fund balance reserved for encumbrances and expenditures.

Which of the Following Items Would Not Be Reported on the Financial