Which of the following are reported in the functions/programs section of the statement of activities at the government-wide level where they reduce the net expense of each function or produce a net revenue?
A)Indirect revenues.
B)Program revenues.
C)General revenues.
D)Nonexchange revenues.

Question

Quizplus · Accepted Answer

Program revenues are reported in the functions/programs section of the statement of activities at the government-wide level where they reduce the net expense of each function or produce a net revenue. Indirect revenues, general revenues, and nonexchange revenues are not necessarily related to a specific function/program and do not necessarily reduce net expenses or produce net revenues.

Which of the Following Are Reported in the Functions/programs Section