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.

Question

Quizplus · Accepted Answer

The government-wide statements and enterprise funds both use the accrual basis of accounting so 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.

Balances from the Enterprise Funds' Statement of Net Position and Statement