Where should Internal Service Funds be presented on the face of proprietary fund financial statements?
A)they should be presented with governmental funds,not proprietary funds
B)in a separate column to the right of Enterprise Funds
C)in a separate set of financial statements
D)major Internal Service Funds should be reported in separate columns

Question

Quizplus · Accepted Answer

Internal Service Funds are a type of proprietary fund and should be presented in the proprietary fund financial statements. They are typically presented in a separate column to the right of Enterprise Funds, distinguishing them from other types of funds while still recognizing their proprietary nature.

Where Should Internal Service Funds Be Presented on the Face