Which of the Following Is false regarding Proprietary Fund Accounting

question 53

Multiple Choice

Which of the following is false regarding proprietary fund accounting?

• A) The economic resources measurement focus and accrual accounting are used.
• B) Capital assets are recorded in the accounts and depreciated over their useful lives.
• C) The Statement of Net Position must be in a classified format, with current assets separated from noncurrent assets and current liabilities separated from noncurrent liabilities.
• D) In the Statement of Net Position, the Net position is reported as either reserved or unreserved.

---

Definitions:

Paracrine Signaling

A form of cell-to-cell communication in which a cell produces a signal to induce changes in nearby cells, affecting their behavior or function.

Interstitial Fluid

The fluid that occupies the spaces between cells in a tissue, providing a means of nutrient and waste transport between blood vessels and cells.

Electrical Signals

Pulses of charged particles used for communication within and between neurons and other cells, essential for body functions.

External Domain

External domain often refers to the part of a protein that extends outside the cell membrane or to the publicly accessible part of a web domain or internet site.