Which of the following classifications of net position likely would be found on the statement of net position of a governmental university that reports as a business-type activity?

Question

Quizplus · Accepted Answer

Business-type activities, such as those reported by governmental universities, typically classify net position into three categories: net investment in capital assets, restricted, and unrestricted. Among the options given, "Unrestricted net position" is the correct classification that would be found on the statement of net position for a governmental university reporting as a business-type activity.

Which of the Following Classifications of Net Position Likely Would