Which of the following properly portrays the components of net position for proprietary funds?
A) Net investment in capital assets, Reserved, Unreserved.
B) Designated, Undesignated, Restricted, Unrestricted.
C) Net investment in capital assets, Restricted, Unrestricted.
D) Contributed capital, Net investment in capital assets, Reserved, Unreserved.

Question

Quizplus · Accepted Answer

Net position for proprietary funds includes the following components: Net investment in capital assets, Restricted, Unrestricted. Choice A is incorrect because it includes Reserved which is not a component of net position for proprietary funds. Choice B is incorrect because it includes Designated and Undesignated which are not components of net position for proprietary funds. Choice D is incorrect because it includes Contributed capital which is not a component of net position for proprietary funds.

Which of the Following Properly Portrays the Components of Net