Which of the following is true regarding financial reporting for internal service funds?
A. Internal service funds are generally reported in the Business-type Activities column of the government-wide financial statements.
B. Internal service funds are generally reported in the Governmental Activities column of the government-wide financial statements.
C. Internal service funds are aggregated and reported as a major fund in the proprietary fund financial statements.
D. Internal service funds are reported in the governmental fund financial statements.
Answer: B
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