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Which of the following statements is correct? The workpaper adjustments that are made to convert governmental funds to governmental activities are posted to the general
- Which of the following statements is correct?
- The workpaper adjustments that are made to convert governmental funds to governmental activities are posted to the general ledger.
- On the government-wide statement of activities, the amounts reported for program revenues include revenues from taxes.
- A and B.
- Neither A nor B.
- On the government-wide statement of activities, user charges would include revenues from which of the following?
- Building permits.
- Liquor licenses.
- A and B.
- Neither A nor B.
- A local government received $100,000 from the federal government to train its public service employees to combat terrorist activities. The resources received by the local government would be reported on the local governments government-wide statement of activities under the column headed
- Operating grants.
- Capital grants.
- User charges.
- General revenues.
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