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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
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 Gem City's Internal Service Fund received a residual equity transfer of $50,000 cash from the General Fund. This $50,000 transfer should be reported in Gem's Internal Service Fund as a credit to: Revenues. Other Financing Sources. Accounts Payable. Transfers. 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 government-wide Statement of Activities? Increase revenue by $50,000. Increase expenses by $35,000. Decrease revenue by $15,000. Decrease expenses by $15,000
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