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.

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