Business, 11.12.2019 02:31 QuestionsAnsweredNow

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
1) increase revenue by $50,000.
2) increase expenses by $35,000.
3) decrease revenue by $15,000.
4) decrease expenses by $15,000.

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