Question: It is often said that self insurance is an oxymoron Why
It is often said that ‘‘self-insurance’’ is an oxymoron. Why? If it is, what are the implications for a government that is permitted to recognize self-insurance premiums as a general fund expenditure when paid to an internal service fund?
Answer to relevant QuestionsWhat is a service concession arrangement? Why do governments enter into these agreements?Select the best answer.1. What basis of accounting do enterprise and internal service funds use?2. Which of the following is not a GASB-required statement for proprietary funds?a. Statement of net positionb. Statement of ...In 2014 Marquette County opened a landﬁll that was expected to accept waste for four years. The following table indicates the estimates county ofﬁcials made at the end of each of the four years:.:.Determine the total ...Sun City accounts for its telecommunication services in an internal service fund. In a recent year its records indicated the following:Billings to units accounted for in governmental funds $400,000 Billings to units ...As noted in Chapter 7, interest incurred while assets to be used for governmental activities are being constructed should not be capitalized. Does the same rule apply to assets to be used for business-type activities? ...
Post your question