A Self-Insurance Activity That Is Accounted for in an Internal

question 3

Multiple Choice

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 nonoperating expense.
• C) A contra-revenue to premiums charged.
• D) An other financing use.

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Definitions:

Quantitative IQ

A measure of an individual's intellectual capacity that focuses on mathematical, logical reasoning, and problem-solving abilities.

Verbal IQ

A measure of a person's verbal reasoning abilities, often assessed through various tests as part of an overall intelligence quotient (IQ) evaluation.

Dyscalculia

A specific learning disability affecting a person’s ability to understand numbers and learn math facts.

Intellectual Disability

Intellectual disability is a term used to describe a significant limitation in cognitive functioning and adaptive behavior, affecting daily life and developmental milestones.