Question: For a golf course operating as a propriety fund classify each of the following transactions according to these descriptions: A . Operating Revenue B .
For a golf course operating as a propriety fund classify each of the following transactions according to these descriptions:
A Operating Revenue
B Nonoperating Revenue
C Transfers In
D Other Additions and Deductions
E None of the above answers is correct. The transaction does not affect the Statement of Revenues, Expenses, & Changes in Net Assets
Billing to customers for services
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Money received from General Fund for club house renovations
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Loan from a special revenue fund
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Interest income on fund investments
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Grant from state for kitchen equipment
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Gain on the sale of investments
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Billing from GF for ContributionPayments in Lieu of Taxes
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Golf Course fund bills the general fund for reimbursement for extra security guard payroll costs incurred by GCF when hosting th of July fireworks display at the citys request
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