In a statement of net position, the net position of a proprietary fund should be displayed in which of the following categories?
A) Unrestricted fund balance; restricted fund balance; invested in capital assets, net of related debt.
B) Unrestricted net position; restricted net position; invested in capital assets, net of related debt.
C) Unrestricted net assets; restricted net assets
D) Restricted net assets; retained earnings; unrestricted net assets.

Question

Quizplus · Accepted Answer

In a statement of net position for a proprietary fund, the net position is displayed in three categories: unrestricted net position, restricted net position, and invested in capital assets, net of related debt. This categorization reflects the liquidity and restrictions on the resources reported by the fund.

In a Statement of Net Position, the Net Position of a Proprietary