Select Page

Which fund reports its operating results in a statement of revenues, expenditures, and changes in fund balances?A.Agency fundB.Debt service fundC.Internal service fundD.Investment trust fundGovernmental funds of a state or local government include all of the following except:A.General fundB.Enterprise fundC.Capital projects fundD.Special revenue fundWhich of the following statements is prepared using modified accrual accounting?A.Enterprise fund operating statementB.Investment trust fund balance sheetC.General fund balance sheetD.Agency fund operating statement