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Author Question: Determine the owner's equity ending balance. a. 12,150 b. 15,730 c. 6,480 d. ... (Read 26 times)

jlmhmf

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on: Jul 5, 2018
Determine the owner's equity ending balance.
 a. 12,150
  b. 15,730
  c. 6,480
  d. 21,400

Question 2

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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dlook33

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

A


jlmhmf

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Reply 2 on: Jul 5, 2018
Excellent

mcabuhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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