Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position? Multiple Choice Restricted net position. Retained earnings. Contributed capital. Designated equity.

Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position? Multiple Choice Restricted net position. Retained earnings. Contributed capital. Designated equity.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 5LO

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Question

Which of the following may properly be reported as a component of net position in the proprietary fund statement of net position?

Multiple Choice

Restricted net position.

Retained earnings.

Contributed capital.

Designated equity.

Definition Definition Remaining net income of the company after the required dividends are paid to shareholders. This surplus money is usually invested back into the business to expand its business operations or launch a new product.

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