In a Statement of Net Position, the Net Position of a Proprietary

question 2

Multiple Choice

In a statement of net position, the net position of a proprietary fund should be displayed in which of the following categories?

• A)Unrestricted fund balance; restricted fund balance; invested in capital assets, net of related debt.
• B)Unrestricted net position; restricted net position; invested in capital assets, net of related debt.
• C)Unrestricted net assets; restricted net assetsRestricted net assets; retained earnings; unrestricted net assets.

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Definitions:

Power Distance Cultures

Societies or organizations where there is acceptance of unequal distribution of power, authority, and status, often leading to hierarchical structures.

Cultural Intelligence

The capability to function and manage well in culturally diverse environments.

Motivation

The psychological process that initiates, guides, and maintains goal-oriented behaviors.

Work Centrality

The degree of importance that work holds in one's life.