Which of the Following Properly Portrays the Components of Net

question 22

Multiple Choice

Which of the following properly portrays the components of net position for proprietary funds?

• A) Net investment in capital assets, Reserved, Unreserved.
• B) Designated, Undesignated, Restricted, Unrestricted.
• C) Net investment in capital assets, Restricted, Unrestricted.
• D) Contributed capital, Net investment in capital assets, Reserved, Unreserved.

---

Definitions:

Mixture

A combination of different elements or substances not chemically bound to each other.

Canadian Dollar

The official currency of Canada, symbolized as CAD or C$.

UK £

The official currency of the United Kingdom, symbolised as £ and known as the British Pound Sterling.

Depreciates

Depreciates refers to the decrease in value of an asset over time due to use, wear and tear, or obsolescence.