Which would be reported as a component of net position of a proprietary fund? 1. Retained earnings.

Question:

Which would be reported as a component of net position of a proprietary fund?
1. Retained earnings.
2. Contributed capital.
3. Net investment in capital assets.
4. Permanently restricted net position.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Governmental Accounting And Reporting

ISBN: 9781119736660

1st Edition

Authors: Bruce W. Chase

See More Books

Question Posted: Jun 24, 2024 01:05 AM

See More Questions

Operations Effectiveness. Does it appear that the Mayo Clinic management team is operating effectively as a nonprofit organization? Are they controlling operations? Why or why not? What evidence can...
Could you finish this for me? I made it to page 5, but I am running short on time and my conceptualization is lacking. If not, maybe help me figure it out? Annual Report Project Lowe's Companies,...
Governmental Accounting (ACC 3363) Financial Statement Project Fall 2017 Instructions: You are the Chief Financial Officer for the City of Monroe.You are to prepare financial statements for the...
Differentiate the function. f(x) = ln(x 2 + 10)
Draw an ERD for each of the following situations. (If you believe that you need to make additional assumptions, clearly state them for each situation.) Draw the same situation using the tool you have...
Review approaches to selection decision making? LO2
In what ways can public relations and publicity be created?
Cannon Mountain Mining paid $462,300 for the right to extract mineral assets from a 400,000-ton deposit. In addition to the purchase price, Cannon also paid a $900 filing fee, a $1,800 license fee to...
On January 1 , 2 0 2 4 , the general ledger of Big Blast Fireworks includes the following account balances: The $ 3 2 , 0 0 0 beginning balance of inventory consists of 3 2 0 units, each costing $ 1...
Payments in lieu of taxes that are not payments for services from a government should be reported by an enterprise fund as which of the following? 1. Transfers. 2. Operating expenses. 3. Nonoperating...
Explain the difference between the purchase method and the consumption method of accounting. For which items can the two methods be used?
Successful companies develop strategies for marketing their products. The strategic plan guides the marketer in making many of the detailed decisions about the attributes of the product, its pricing,...
Assume you have been given $400,000 CAD with access to all listed stocks, bonds, futures, and options worldwide. You can trade in options and futures, in combination with the underlying asset....
Charlene wrote a letter to Rachel offering to sell her car, a Proton Saga, for RM 60,000. The letter reached Rachel on 25. 11.2020. Rachel sent her letter of acceptance at 3 p.m. on the same day....
Data for the risk premium sensitivities (b, s, and h) as well as the beta coefficient for the CAPM of two companies are listed in the following table: Company b s h ERP SMBP HMLP Beta Alpha 1.1114...
Free-Response Questions 1. m Initial position eviribrA ARAL m Incline raised to 0 <0max pr A block of mass m is initially at rest on a rough board, which is initially horizontal on a tabletop. The...
A picture frame sits atop a bookshelf. When the bookshelf is bumped, the frame tumbles to the floor, landing after 0.64 s. How tall is the bookshelf?
Why is orientation an important HRM activity?
How can NAFTA be beneficial to suppliers of Walmart?
Callaho Inc. began operations on January 1 , 2 0 1 8 . Its adjusted trial balance at December 3 1 , 2 0 1 9 and 2 0 2 0 is shown below. Other information regarding Callaho Inc. and its activities...
Required: 1. Complete the following: a. Colnpute the unit product cost under absorption costing. b. What is the company's absorption costing net operating income (loss) for the quarter? c. Reconcile...
Bond Valuation with Semiannual Payments Renfro Rentals has issued bonds that have an 8% coupon rate, payable semiannually. The bonds mature in 6 years, have a face value of $1,000, and a yield to...

Which would be reported as a component of net position of a proprietary fund? 1. Retained earnings.

Question:

Step by Step Answer:

Fundamentals Of Governmental Accounting And Reporting

Students also viewed these Business questions