Multiple Choice
On the proprietary funds statement of net position, how is the net position section categorized?
A) Nonspendable and assigned
B) Net investment in capital assets, restricted, and unrestricted
C) Nonspendable, restricted, committed, assigned, and unassigned
D) Restricted and unrestricted
Correct Answer:
Verified
Correct Answer:
Verified
Q56: A permanent fund will most likely report
Q57: The investing activities section of a proprietary
Q58: An enterprise fund purchases equipment for $1,000,000.
Q59: The State of California's State College fund
Q60: A county government, with a December 31
Q62: Use the following information to answer Questions<br>Construction
Q63: Use the following information to answer Questions.<br>A
Q64: The State of California reports an environmental
Q65: A state government has 5% bonds that
Q66: A county builds a new road for