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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
  5. Question
    Restricted Net Position for Proprietary Funds Is Composed of Restricted
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Restricted Net Position for Proprietary Funds Is Composed of Restricted

Question 34

Question 34

True/False

Restricted net position for proprietary funds is composed of restricted assets reduced by liabilities and deferred inflows of resources related to those assets.

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