Clark County was hired by Catlett City, the largest city in the county, to maintain some of its roads. Clark County billed Catlett City for its cost of maintaining the roads. The amount of the billing was $60,000. Clark County should report the $60,000 as

Question

Quizplus · Accepted Answer

The $60,000 amount billed by Clark County to Catlett City represents revenue earned by Clark County for maintaining roads. Therefore, it should be reported as revenue in the financial statements.

Clark County Was Hired by Catlett City, the Largest City