Which of the following statements is always true concerning the reporting of deb

Question

Which of the following statements is always true concerning the reporting of debt service funds? A. Debt service funds are reported in a separate column in the governmental fund financial statements. B. Debt service funds are reported in a separate column in the government-wide financial statement. C. Debt service funds are reported in the Other Governmental Funds column in the governmental fund financial statements. D. Debt service funds are reported in the Governmental Activities column in the government-wide financial statements.

Explanation / Answer

D.Debt service funds are reported in the Governmental Activities column in the government-wide financial statements. verify here http://quizlet.com/11692150/gp-ch6-flash-cards/

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