Business
Business, 25.12.2019 01:31, gomezyonathan93

The following information for the year ended june 30 pertains to a proprietary fund established by burwood village in connection with burwood’s public parking facilities:

receipts from users of parking facilities: $400,000
cash outlays:
parking meters: 210,000
salaries and utilities expenses: 90,000
depreciation of parking meters: 70,000

for the year ended june 30, the proprietary funds statement of revenues, expenses, and changes in fund net position should report operating income for the parking facilities of

a. $240,000
b. $0
c. $30,000
d. $100,000

answer
Answers: 2

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