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 program or produce a net revenue?
A) General revenues.
B) Program revenues.
C) Indirect revenues.
D) Extraordinary items.

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 program or produce a net revenue. General revenues are not reported under this section, as they are not specific to any particular program or function. Indirect revenues and extraordinary items also do not fit this criteria.

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