Question: In a statement of net position for proprietary funds, A. Net position must be reported in two components: restricted or unrestricted. B. Capital contributions must
In a statement of net position for proprietary funds,
A. Net position must be reported in two components: restricted or unrestricted.
B. Capital contributions must be reported in a separate component of net position.
C. Designations must be shown on the face of the statement.
D. Assets, deferred inflows or outflows of resources, and liabilities must be classified.
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