1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
PIT_PIT [208]
3 years ago
5

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 assets as A. An operating expense. B. As a contra-revenue to premiums charged. C. A non-operating expense. D. Another financing use. E. None of these answers is correct.
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer:

A. An operating expense.

Explanation:

Since in the question it is mentioned that the self insurance activity i.e. accounted for an internal service fund that paid the amount of $365,000. Also as we know that the internal service fund is a proprietary fund so the claim should be reported as an operating expenses in the revenues, expenses and change in net asset statement

Therefore the correct option is a.

You might be interested in
For which of the following reasons would David​ Laugherty, owner of the Laugherty Associates law​ firm, want to know the total c
zzz [600]

Answer:

I don't know about the complete options available, but I know the purpose of finding the total cost of the job, which is to charge the clients the right fee depending upon their time taken and cost of each job. That's the purpose

of knowing the cost of the assignments. Another purpose includes to maximise the profits by opting to jobs which has higher contribution per unit. By meeting the demands of jobs which has higher number of contribution per unit, first,  makes the firm more profitable.

8 0
3 years ago
Why might a business be willing to pay a worker more than minimum wage?
Sonja [21]

Answer:

I believe the answer is, "The worker is more productive than others."

6 0
2 years ago
The statement of partners' equity shows each partner's beginning capital balance, additional investments, allocated income or lo
zloy xaker [14]

The statement of partners' equity shows each partner's beginning capital balance, additional investments, allocated income or loss, partners'  withdrawals(expenses, withdrawals), and ending capital balance.

<h3>What is capital balance?</h3>

Capital Balance refers to the principal balance of a Loan at any point in time to which the Servicer applies the relevant interest rate at which interest on that Loan accrues.

Simply add up the company's total current assets and subtract the total current liabilities from that total. The result is the amount of working capital available to the company at that time.

The capital balance is the amount borrowed less the future interest rate paid in monthly installments. It is the sum you must pay if you want to settle the contract.

To know more about capital balance follow the link:

brainly.com/question/18804634

#SPJ4

8 0
2 years ago
As shown in exhibit 7-2, the rate of inflation for year 2 is:
zloy xaker [14]
5 because it is and yh
3 0
3 years ago
Quick assets include which of the following? Multiple Choice Market securities, receivables, and inventories. Cash, marketable s
just olya [345]

Answer:

The correct answer is letter "C": Cash, marketable securities, and receivables.

Explanation:

The quick assets of a company can easily be converted into cash. Quick assets include <em>cash, account receivables, </em>and<em> marketable securities</em>, which are equity and debt securities that can be converted into cash within one year. To calculate the company's quick assets add its cash, account receivables, and marketable securities and subtract its inventory from that result.

8 0
3 years ago
Other questions:
  • Jing Company was started on January 1, Year 1 when it issued common stock for $31,000 cash. Also, on January 1, Year 1 the compa
    13·1 answer
  • The City of South Dundee budget for the fiscal year ended June 30, 2017, included an appropriation for the police department in
    5·1 answer
  • Elkins, a manufacturer of ice makers, realizes a cost of $250 for every unit it produces. Its total fixed costs equal $5 million
    15·1 answer
  • You are considering acquiring a common share of Sahali Shopping Center Corporation that you would like to hold for 1 year. You e
    11·1 answer
  • A firm has earnings before interest and taxes of $27,130, net income of $16,220, and taxes of $5,450 for the year. While the fir
    11·1 answer
  • According to the book, economic analyses become more complex when a firm enters overseas markets because, unlike the situation f
    8·1 answer
  • Dowd, Elgar, Frost, and Grant formed a general partnership. Their written partnership agreement provided that the profits would
    15·1 answer
  • Management behaviors supporting an organizational culture that encourages continuous improvement include which of the following?
    5·1 answer
  • Which of the following would you classify as a true emergency? A. Overdrawing your checking account B. Losing your job C. Wantin
    9·2 answers
  • Consider four different stocks, all of which have a required return of 15 percent and a most recent dividend of $4.20 per share.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!