Multiple Choice
Which of the following is true of the Statement of Net Position for proprietary funds?
A) A classified format is used in which current assets, noncurrent assets, current liabilities, and noncurrent liabilities are presented separately.
B) Separate disclosure is required for major enterprise funds and a total for all non-major enterprise funds
C) Both A and B are correct.
D) Neither A nor B are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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