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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 20, 2014



Title: A city's General Fund makes a contribution of $800,000 to an Internal Service Fu
Post by: goji.go on Oct 20, 2014
A city's General Fund makes a contribution of $800,000 to an Internal Service Fund (ISF) so that the ISF can operate. How should the ISF report the contribution?
      a.   as operating revenue
      b.   as nonoperating revenue
      c.   as a transfer after operating income but before change in net position
      d.   as a direct addition to fund net position


Title: Re: A city's General Fund makes a contribution of $800,000 to an Internal Service Fu
Post by: f_zah1 on Oct 23, 2014
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Title: Re: A city's General Fund makes a contribution of $800,000 to an Internal Service Fu
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: A city's General Fund makes a contribution of $800,000 to an Internal Service Fu
Post by: f_zah1 on Oct 23, 2014
You're very welcome!