Which of the following would be included in determining operating income of an Enterprise Fund?

Question

Quizplus · Accepted Answer

Operating income of an Enterprise Fund includes revenues and expenses directly related to its operations. Depreciation expense is a relevant expense as it reflects the wear and tear of the assets used in the enterprise's operations. Transfers, interest expense, and capital contributions are not directly related to the enterprise's operations and are therefore not included in determining operating income.

Which of the Following Would Be Included in Determining Operating