When a Government Enterprise Fund Has Restricted Assets on Its

question 39

Multiple Choice

When a government enterprise fund has restricted assets on its statement of net position, which of the following is a true statement?

• A) The total of the restricted assets in the asset section will be equal to the "restricted net position" amount in the equity section.
• B) The total of the restricted assets will be offset by a liability of an equal amount.
• C) The total of the restricted assets less related liabilities will be equal to the "restricted net assets" amount in the equity section.
• D) None of the above statements is true.

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