Solved

Washington County Has Designated the General Fund as the Single

Question 23

Multiple Choice

Washington County has designated the general fund as the single fund to account for its self-insurance activities.What is the maximum amount that can be charged to expenditure in the general fund related to the self-insurance activities?


A) The amount of 'premium' charged to the other funds.
B) The amount of actual claims expenditures.
C) The actuarially-determined amount necessary to cover claims, expenditures, and catastrophic losses.
D) The amount transferred from other funds and activities to the general fund for self-insurance purposes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions