Which of the following accounts would be least likely to appear in an Enterprise Fund statement of net position (balance sheet)?
A)cash and cash equivalents
B)general obligation bonds payable
C)net investment in capital assets
D)equipment acquired under capital leases

Question

Quizplus · Accepted Answer

General obligation bonds payable are typically associated with governmental funds rather than enterprise funds, as they often fund projects that benefit the entire community rather than just the enterprise. Cash and cash equivalents, net investment in capital assets, and equipment acquired under capital leases could all appear on an Enterprise Fund statement of net position.

Which of the Following Accounts Would Be Least Likely to Appear