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If a Self-Insurance Internal Service Fund pays claims of $5,000 during the month, the fund will...

If a Self-Insurance Internal Service Fund pays claims of $5,000 during the month, the fund will report

a. expenses of $5,000.

b. transfers out of $5,000.

c. nonoperating expenses of $5,000.

d. a decrease in prepaid assets of $5,000.

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Answer #1

Answerinc Expense $5000. * - since it it is a payment towards claims can be recorded as an expense. I * An unallocated oxpens

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