(Proprietary Funds statement of net position accounting equation) Proprietary funds are required to present a statement of...
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(Proprietary Funds statement of net position accounting equation)
Proprietary funds are required to present a statement of net position using a specific equation as follow
Assets + Deferred Outflows - Liabilities - Deferred Inflows. Fund Net Position
Which measurement focus and basis of accounting are required to be used to create this statement.
What types of assets and labilities are recorded in proprietary funds that are not recorded in go mental fund types?
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078110931
16th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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