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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
An Internal Service Fund had investments with an original cost of $100,000. As of the end of the fiscal year, the fair market value on these investments was $85,000. The Internal Service Fund would
A.   Report expenses of $15,000.
B.   Report a reduction of revenue of $15,000.
C.   Not adjust the value of the investments reported on the balance sheet.
D.   Report a loss on investments of $15,000.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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