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goji.go goji.go
wrote...
Posts: 5977
9 years ago
An Internal Service Fund billed other departments $1,200,000 for services provided during the year. Expenses of $700,000 for salaries, $250,000 for supplies and materials used, $100,000 for depreciation, and $100,000 for interest expenses were incurred. The fund received a $42,000 transfer from the General Fund during the year. The Internal Service Fund should report operating income for the year of
A.   $50,000.
B.   $92,000.
C.   $150,000.
D.   $192,000.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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lcvason,  Hallie Snyder

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