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
Money received from General Fund for club house renovations
Loan from a special revenue fund
Interest income on fund
Grant from state for kitchen equipment
Gain on the sale of investments
Billing from GF for ContributionPayments in Lieu of taxes
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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