Enterprise funds are reported in the business-type activities column of the government-wide statements.

Question

Quizplus · Accepted Answer

Balances from the enterprise funds' Statement of Net Position and Statement of Revenues, Expenses and Changes in Fund Net Position are entered directly to the business-type activities sections of the government-wide statements. No adjustment is necessary because enterprise funds use the accrual basis.

Enterprise Funds Are Reported in the Business-Type Activities Column of the Government-Wide