What is the accounting equation for a proprietary fund? What are the three components of net position?

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What is the accounting equation for a proprietary fund? What are the three components of net position? Explain the nature of each component.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:59 AM

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What is the accounting equation for a proprietary fund? What are the three components of net position?

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The accounting equation balance sheet format for a proprietary fund is Current Assets Noncurrent Ass...View the full answer

Governmental and Nonprofit Accounting

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