A Proprietary Fund of a Government Has Some Donor-Restricted Assets

question 38

Multiple Choice

A proprietary fund of a government has some donor-restricted assets. Which of the following best describes where and how those assets will generally be displayed in the fund's financial statements?

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

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Definitions:

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