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Business, 24.12.2020 05:30 bl88676

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.

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