When Internal Service Funds [ISFs] present net position in their financial statements, they can use up to three line items, including net investment in capital assets, restricted, and unrestricted.

Question

Quizplus · Accepted Answer

Governmental GAAP requires that the net position section of Enterprise Funds and ISFs be reported in three components: (1) net investment in capital assets; (2) restricted; and (3) unrestricted.

When Internal Service Funds [ISFs] Present Net Position in Their