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    Advanced Accounting Study Set 3
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    Exam 21: Accounting for State and Local Governmental Units - Proprietary and Fiduciary Funds
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    On the Statement of Net Position,in Place of Stockholders' Equity,proprietary
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On the Statement of Net Position,in Place of Stockholders' Equity,proprietary

Question 18

Question 18

Multiple Choice

On the Statement of Net Position,in place of stockholders' equity,proprietary funds report


A) Retained Earnings only.
B) Restricted Cash only.
C) Unrestricted Cash only.
D) Net Position.

Correct Answer:

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