When a Government Enterprise Fund Has Restricted Assets on Its

Multiple Choice

When a government enterprise fund has restricted assets on its statement of net position, which of the following is a true statement?

A) The total of the restricted assets in the asset section will be equal to the "restricted net position" amount in the equity section.
B) The total of the restricted assets will be offset by a liability of an equal amount.
C) The total of the restricted assets less related liabilities will be equal to the "restricted net assets" amount in the equity section.
D) None of the above statements is true.