Which of the following accounts would appropriately be included on an enterprise fund balance sheet?
A) Fund Balance: No; Net Position-Unrestricted: Yes.
B) Fund Balance: Yes; Net Position-Unrestricted: No.
C) Fund Balance: No; Net Position-Unrestricted: No.
D) Fund Balance: Yes; Net Position-Unrestricted: Yes.

Question

Quizplus · Accepted Answer

Enterprise funds, which are used by government entities to account for activities similar to private business operations, report using the accrual basis of accounting and present a statement of net position. They do not use a "Fund Balance" but rather "Net Position" categories, such as "Net Position-Unrestricted."

Which of the Following Accounts Would Appropriately Be Included on an Enterprise