What Is the Purpose of Preparing Proprietary Fund Balance Sheets

question 15

Multiple Choice

What is the purpose of preparing proprietary fund balance sheets in classified format?

• A)to distinguish between current and noncurrent assets and liabilities
• B)to distinguish between assets and liabilities
• C)to distinguish between restricted and unrestricted net position
• D)to segregate net position into three components: invested in capital assets,net of related debt;restricted;and unrestricted

---

Definitions:

Standard Deviations

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the data points are from the mean.

Deviation

The amount by which a single measurement differs from a fixed value such as the mean.

Kurtosis

A statistical measure that describes the shape of a distribution's tails in relation to a normal distribution.

Distribution

The way in which a set of values is spread or dispersed across a range, often visualized as a graph plotting the frequency of different outcomes.