The 60-day limit on the length of the period after the end of the fiscal year that is used for governmental fund revenue recognition cutoff purposes: A. is optional for property taxes, but required for most other governmental fund revenues. B. must be applied to all revenue sources except charges for licenses and permits, C. must be applied to property taxes, but cannot be applied to other governmental fund revenue sources. O D. must be applied to property taxes, but may also be applied to other revenue sources. Sutimit Answers A government-wide statement of net position may include a column for each of the following except A. business-type activities. B. component units. C. governmental activities. O D. major funds. Submit Answers Which type of interfund transactions result in one fund reporting revenues? A. Interfund advances o B. Interfund services provided and used C. Reimbursements O D. Transfer Sum AS