Governmental activities in the government-wide financial statements would potentially report the following equity classifications except

Question

Quizplus · Accepted Answer

Government-wide financial statements report net position, not fund balances. Fund balances are reported in the governmental funds financial statements. The classifications of net position include restricted net position, unrestricted net position, and net investment in capital assets, but not restricted fund balance.

Governmental Activities in the Government-Wide Financial Statements Would Potentially Report