Which of the following would generally be included in the Statement of Net Assets of an Enterprise Fund? $\begin{array} { | l | c | c | }
\hline & \text { Reserve for } & \text { Revenue Bonds } \
& \text { Encumbrances } & \text { Payable } \
\hline \text { A) } & \text { No } & \text { No } \
\hline \text { B) } & \text { No } & \text { Yes } \
\hline \text { C) } & \text { Yes } & \text { Yes } \
\hline \text { D) } & \text { Yes } & \text { No } \
\hline
\end{array}$

Question

Which of the following would generally be included in the Statement of Net Assets of an Enterprise Fund? $\begin{array} { | l | c | c | } 
\hline & \text { Reserve for } & \text { Revenue Bonds } \
& \text { Encumbrances } & \text { Payable } \
\hline \text { A) } & \text { No } & \text { No } \
\hline \text { B) } & \text { No } & \text { Yes } \
\hline \text { C) } & \text { Yes } & \text { Yes } \
\hline \text { D) } & \text { Yes } & \text { No } \
\hline
\end{array}$

Quizplus · Accepted Answer

The Statement of Net Assets for an Enterprise Fund typically includes liabilities such as Revenue Bonds Payable, but not reserves for encumbrances, which are more relevant to governmental funds.

Which of the Following Would Generally Be Included in the Statement