Which of the following is true regarding the government-wide Statement of Net Position?
A) Discretely presented component units are included in a separate column or columns.
B) Net Position is displayed in three categories: net investment in capital assets, reserved, and unreserved.
C) Both of the above.
D) Neither of the above.

Question

Quizplus · Accepted Answer

In addition to the governmental activities and business-type activities, information is presented in a separate column for the government's discretely presented component units. The difference between assets and liabilities is called net position and is reported in three categories; Net investment in capital assets, Restricted net position and Unrestricted net position.

Which of the Following Is True Regarding the Government-Wide Statement