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    Business
  3. Study Set
    Advanced Accounting
  4. Exam
    Exam 10: State and Local Governments: Introduction and General Fund Transactions
  5. Question
    Which Fund Reports Its Operating Results in a Statement of Revenues
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Which Fund Reports Its Operating Results in a Statement of Revenues

Question 21

Question 21

Multiple Choice

Which fund reports its operating results in a statement of revenues, expenditures, and changes in fund balances?


A) Investment trust fund
B) Custodial fund
C) Internal service fund
D) Debt service fund

Correct Answer:

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