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Match the Type of Entity with the Equity Sections of the Balance

Question 106

Matching

Match the Type of Entity with the Equity sections of the Balance Sheet/ Statement of Net Assets (Match the Letter and Number)

Premises:

Responses:

Unrestricted, Temporary and Permanently restricted Net Assets

Private Not for Profit

Net Assets Invested in Capital Assets, net of related debt, Restricted Net Assets, Unrestricted Net Assets.

Public University

Paid in Capital, Retained Earnings

Investor Owned

Premises:

Unrestricted, Temporary and Permanently restricted Net Assets

Net Assets Invested in Capital Assets, net of related debt, Restricted Net Assets, Unrestricted Net Assets.

Paid in Capital, Retained Earnings

Responses:

Private Not for Profit

Public University

Investor Owned

Correct Answer:

Premises:

Responses:

Unrestricted, Temporary and Permanently restricted Net Assets

Net Assets Invested in Capital Assets, net of related debt, Restricted Net Assets, Unrestricted Net Assets.

Paid in Capital, Retained Earnings

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