Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. motorsponse question 13 an iniemal service fund (i

Motorsponse Question 13 An Iniemal Service Fund (ISE) provided services to two agencies financed by...

80.2K

Verified Solution

Question

Accounting

image
Motorsponse Question 13 An Iniemal Service Fund (ISE) provided services to two agencies financed by the General Fund the Tex Department which it billed.200,000) and the Compro Ottice (which it billed $100,000). In the fund financial statements, the ISP reported a loss of $36.000 How should this information be reported in the government Wide soient of activities Under "business-type activities in a separate line captioned ISE. revenues of 100.0, expenses of 336.00, ad not expenses of ($16.000 should be reported Under governmental type activities in a separateline captioned 15 revenues of $300.000, expenses of s.116.000 de expenses of $36.000 sold be reported O ISP activities should not be reported, but expenses reported for the Tax Department and the complert Office ball be increased by 524.000 and 12.000 respectively 1SF activities should not be reported, but expenses reported for the Tax Department of the Comptrollers Office should be reduced by $4.000 and 512.000, Tepectively

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students