Which of the Following May Properly Be Reported as a Component

question 37

Multiple Choice

Which of the following may properly be reported as a component of net assets in the proprietary fund statement of net assets?

• A)Retained earnings.
• B)Designated equity.
• C)Restricted net assets.
• D)Contributed capital.

---

Definitions:

Prospect

A potential customer or client who has been identified as fitting a target market or demographic for a product or service.

Qualified Prospect

A potential customer who has been evaluated and determined to meet certain criteria, making them more likely to purchase the product or service.

Decision Maker

An individual or group responsible for making choices on behalf of an organization, especially regarding strategic directions or key investments.

Personal Selling Process

A series of steps undertaken by sales personnel to identify, engage, and close sales with potential customers, often involving personal interaction and relationship building.