Which of the Following Is the Basic Proprietary Fund Accounting

question 20

Multiple Choice

Which of the following is the basic proprietary fund accounting equation?

• A) Assets - Liabilities = Net Assets.
• B) Financial Assets - Related Liabilities = Fund Balance.
• C) Financial Assets + Deferred Outflows - Related Liabilities - Deferred Inflows = Fund Balance.
• D) Assets + Deferred Outflows - Liabilities - Deferred Inflows = Net Position.

---

Definitions:

Ethical Practices

Actions and policies that conform to accepted professional standards of conduct, ensuring fairness, transparency, and integrity.

Linda Hasenfratz

A business leader known for her role as the CEO of Linamar Corporation, a global manufacturing company.

Global Leaders

refers to individuals who possess the ability to influence and guide others in a global context, across various cultures and countries.

Uncompromising Integrity

A steadfast adherence to a strict moral or ethical code, regardless of the circumstances or consequences.