An Internal Service Fund Had the Following Transactions During the Year

question 64

Multiple Choice

An internal service fund had the following transactions during the year ended June 30,20X9,its first year of existence:
(1) Received $1,000,000 contribution from the general fund.
(2) Acquired fleet of cars for $950,000,paying cash.
(3) Billed departments in other funds $500,000 for using cars.
(4) Incurred operating costs,exclusive of depreciation,of $240,000.
(5) Depreciation expense amounted to $250,000.
-Refer to the above information.On the internal service fund's balance sheet on June 30,20X9,total net assets should be reported at:

• A)$1,000,000.
• B)$1,010,000.
• C)$1,250,000.
• D)$910,000.

---

Definitions:

Ineffective Coping

Ineffective Coping is a psychological term describing an individual's inadequate ability to manage stress or adversity, often leading to negative emotional or physical outcomes.

Care Plan

A formal plan developed by healthcare providers and the patient to outline a course of treatment and interventions for specific health care needs or conditions.

Coping Ability

An individual's capability to manage and adapt to stress or adversity.

Primary Caregiver

The main individual, often a family member or professional, responsible for providing direct care and support to a person with health or personal needs.