A Proprietary Fund of a Governmental Entity Has Donor-Restricted Assets

question 21

Multiple Choice

A proprietary fund of a governmental entity has donor-restricted assets on its balance sheet.Which of the following best describes where and how those assets will generally be displayed?

• A)In a separate restricted asset category on the statement of net assets.
• B)Intermingled with other assets on the statement of net assets.
• C)Intermingled with other assets on the statement of net assets but footnoted.
• D)In a separate restricted fund.

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