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When a government enterprise fund has restricted assets on its statement of net position, which of the following is a true statement?
Unearned Revenue
Funds paid to a person or corporation for goods or services that are to be provided or delivered in the future.
Patent
A legal document granted by the government giving an inventor exclusive rights to make, use, and sell an invention for a certain number of years.
Office Supplies
Items used in an office on a regular basis, such as paper, pens, and envelopes, which are consumed in use and need regular replenishment.
Temporary Accounts
Accounts used to record transactions within a specific accounting period, which are then closed and transferred to permanent accounts at the end of the period to prepare the company's financial statements.
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