The "net position" of a federal agency may include all of the following components, except:
A) Unexpended appropriations.
B) Cumulative results of operations.
C) Appropriations represented by undelivered orders and unobligated balances.
D) Fund balance with U.S. Treasury.

Question

Quizplus · Accepted Answer

The "net position" of a federal agency typically includes unexpended appropriations and cumulative results of operations, but not the fund balance with the U.S. Treasury, which is a separate component of the agency's financial position.

The "Net Position" of a Federal Agency May Include All