When a Governmental Enterprise Fund Has Restricted Assets on Its

question 25

Multiple Choice

When a governmental enterprise fund has restricted assets on its balance sheet, 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 Assets" 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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Definitions:

Irrigate

To flush or wash out a wound or area with a stream of fluid.

Debris

Scattered pieces of waste or remains typically left over from any destruction or discard process.

Circulation

The movement of blood throughout the body, facilitated by the heart and blood vessels, which provides oxygen and nutrients to tissues.

Hemovac Drain

A closed wound drainage system used postoperatively to remove blood and fluids from a surgical site, promoting healing.