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Listed below are accounts of a state's enterprise fund: Dr (Cr) Current assets $ 6,000 Long-term investments 7,000 Current liabilities (4,800) Long-term payables (6,900) Net
Listed below are accounts of a state's enterprise fund:
Dr (Cr) | |
---|---|
Current assets | $ 6,000 |
Long-term investments | 7,000 |
Current liabilities | (4,800) |
Long-term payables | (6,900) |
Net position-restricted | (700) |
On the year-end statement of net position, total assets are:
Select one:
$6,000
$7,000
$12,300
$13,000
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Listed below are accounts of a state's enterprise fund:
Dr (Cr) | |
---|---|
Current assets | $ 6,000 |
Long-term investments | 7,000 |
Current liabilities | (4,800) |
Long-term payables | (6,900) |
Net position-restricted | (700) |
On the year-end statement of net position, the balance for unrestricted net position is:
Select one:
$500
$600
$700
$800
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