With respect to proprietary funds, the net position (i.e., fund equity) section of the Statement of Net

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With respect to proprietary funds, the net position (i.e., fund equity) section of the Statement of Net Position is displayed within two categories: Restricted and Unrestricted Net Position.

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Related Book For answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

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Posted Date: Feb 17, 2022 01:24 AM

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With respect to proprietary funds, the net position (i.e., fund equity) section of the Statement of Net

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Answer of this question is FALSE As net position fund equity is reported in three categories 1 net investment in capital assets 2 restricted and 3 unr... View the full answer

Accounting for Governmental and Nonprofit Entities

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