The Proprietary Fund Statement of Net Position may choose whether to classify assets and liabilities between current and long-term.

Name: The Proprietary Fund Statement of Net Position may choose whether to classify assets and liabilities between current and long-term.
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GASB requires a classified format for the Statement of Net Position. Current assets, noncurrent assets, current liabilities and noncurrent liabilities are presented separately.

The Proprietary Fund Statement of Net Position May Choose Whether