Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position? Multiple Choice Restricted net position. Retained earnings. Contributed capital. Designated equity.

Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position? Multiple Choice Restricted net position. Retained earnings. Contributed capital. Designated equity.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position?

Multiple Choice

Restricted net position.

Retained earnings.

Contributed capital.

Designated equity.

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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