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.
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.
Contributed capital.
Designated equity.
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