The Categories of Net Assets for a Proprietary Fund Are

question 119

Multiple Choice

The categories of Net assets for a proprietary fund are classified within which of the following categories?

• A) Net Assets Invested in Capital Assets Net of Related Debt, Restricted Net Assets and Unrestricted Net Assets
• B) Spendable Net Assets and Spendable Net Assets
• C) Committed Net Assets, Assigned Net Assets and Unassigned Net Assets
• D) Restricted Fund balance, Committed Fund balance, Assigned Fund Balance, and Nonspendable Fund Balance

---

Definitions:

Drones

UAVs are aircraft systems that can be operated from a distance or navigate independently using flight plans programmed into their onboard software.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced, representing the per-unit variable cost of production.

Drones

Unmanned aerial vehicles (UAVs) that are used for various purposes, including surveillance, delivery, or recreation.

TFC

Total Fixed Costs, referring to the sum of all costs that remain constant regardless of the level of output or production.