1- Which of the following would be included in the Budgetary Comparison Schedule in the comprehensive annual financial report (CAFR) of a governmental unit?

Enterprise fund

/. Pension trust fund

Yes

Yes

Yes

No

No

Yes

No

No

2-

Excel City's store supply internal service fund provides services only to general government departments. During 20X1, the internal service fund reported operating revenue of $50,000 and operating expenses of $35,000. What amount of adjustment is needed to convert the governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balance to governmental activities in Excel City's governmentwide Statement of Activities?

Group of answer choices

Increase revenue by $50,000.

Increase expenses by $35,000.

Decrease revenue by $15,000.

Decrease expenses by $15,000.