A local government's utility sells part of its output to the primary government. The utility is accounted for in an enterprise fund.
In the comprehensive annual financial report, the sale of the utility's output most likely is accounted for as:
a. An interfund transfer.
b. Interfund receivables and payables in the government-wide statement of net position.
c. An elimination in the government-wide statement of activities.
d. Expenditures in the general fund.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A local government's utility sells part of its output to the primary government. The utility is accounted for in an enterprise fund. In the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » A local government's utility sells part of its output to the primary government. The utility is accounted for in an enterprise fund. In the comprehensive annual financial report, the sale of the utility's output most likely is accounted for as: a.