Author Question: Determine the owner's equity ending balance. a. 12,150 b. 15,730 c. 6,480 d. ... (Read 42 times)

jlmhmf · **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.