Restricted fund balance

  • Creator
    Topic
  • November 1, 2015 at 10:20 pm #197916
    NinaSun
    Member

    A city council designates funds in the enterprise fund for future equipment replacement. The enterprise fund should report this as:

    a. A designate computer of net position

    b. An unrestricted component of net position

    c. A restricted component of net position

    d. A net investment in capital assets.

    The answer is “b”. I didnt found a very clear definition on Becker’s book for “RUN” fund balance. Can anyone explain how to differentiate restricted, unrestricted and net investment for fund balance of enterprise fund? Thanks

    AUD-74,75 11/2014
    REG-80 04/2015
    FAR-74, 91 11/2015
    BEC-79 08/2015

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