Multiple Choice
The categories of Net Position for a proprietary fund are classified within which of the following categories?
A) Committed Net Position, Assigned Net Position and Unassigned Net Position
B) Net Investment in Capital Assets, Restricted Net Position and Unrestricted Net Position
C) Spendable Net Position and Spendable Net Position
D) Restricted Fund balance, Committed Fund balance, Assigned Fund Balance, and Nonspendable Fund Balance
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Revenue bonds<br>A) Carry less risk than general
Q5: Which of the following is <b><u>not</u></b>true regarding
Q6: Major enterprise funds are to be presented
Q7: Restricted Net Position for a proprietary fund
Q8: Unlike enterprise funds, it is frequently desirable
Q10: Proprietary funds must prepare the Statement of
Q11: The city is using an internal service
Q12: Fund-basis financial statements prepared for proprietary funds
Q13: If a government decides to account for
Q14: Budgetary comparison schedules are not required for