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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
A self-insurance activity that is accounted for in an Internal Service Fund pays $365,000 in claims during the year. Because the Internal Service Fund is a proprietary fund, the claims will be reported on the statement of revenues, expenses, and change in net position as
A.   An operating expense.
B.   A non-operating expense.
C.   A contra-revenue to premiums charged.
D.   An other financing use.
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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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