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Match the Type of Entity with the Equity Sections of the Balance

Question 109

Matching

Match the Type of Entity with the Equity sections of the Balance Sheet/ Statement of Net Assets/Position Match the Letter and Number

Premises:

Responses:

Investor Owned

Net Investment in Capital Assets, Restricted Net Position, Unrestricted Net Position.

Private Not for Profit

Unrestricted, Temporary Restricted net assets and Permanently Restricted net assets

Public University

Paid in Capital, Retained Earnings

Premises:

Investor Owned

Private Not for Profit

Public University

Responses:

Net Investment in Capital Assets, Restricted Net Position, Unrestricted Net Position.

Unrestricted, Temporary Restricted net assets and Permanently Restricted net assets

Paid in Capital, Retained Earnings

Correct Answer:

Premises:

Responses:

Investor Owned

Private Not for Profit

Public University

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