Multiple Choice
_____ For a public C&U engaged in business-type activities, where is investment income reported in the statement of revenues, expenses, and changes in net assets?
A) In the revenues section.
B) In the nonoperating revenues (expenses) section.
C) After the nonoperating revenues (expenses) section.
D) Preceding the nonoperating revenues (expenses) section.
E) Reported only in the cash flow statement.
Correct Answer:

Verified
Correct Answer:
Verified
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