Multiple Choice
Restricted Net Position for a proprietary fund is:
A) Net resources whose use is restricted by users of the services.
B) Reported net of depreciation.
C) Reported net of accumulated depreciation and any outstanding debt used to acquire the asset.
D) Net resources whose use is restricted by creditors, grantors or laws or regulations of other governments.
Correct Answer:

Verified
Correct Answer:
Verified
Q2: Capital assets of an enterprise fund should
Q3: An enterprise fund should be used when
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
Q8: Unlike enterprise funds, it is frequently desirable
Q9: The categories of Net Position for a
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