Which of the following would be true regarding the Statement of Net Position for a public college?
A) Both current and long-term assets and liabilities are presented
B) The net asset categories are: net investment in capital assets, restricted and unrestricted.
C) Both of the above are true.
D) Neither of the above is true.

Question

Quizplus · Accepted Answer

Current and long -term assets are separately stated in the Statement of Net Position for a public college. Public colleges and universities are required to report net position as Net Investment in Capital Assets, Restricted Net Position and Unrestricted Net Position.

Which of the Following Would Be True Regarding the Statement