Author Question: What is the purpose of preparing proprietary fund balance sheets in classified format? a. to ... (Read 94 times)

mcmcdaniel · **on:** Jul 5, 2018

What is the purpose of preparing proprietary fund balance sheets in classified format?

a. to distinguish between current and noncurrent assets and liabilities
b. to distinguish between assets and liabilities
c. to distinguish between restricted and unrestricted net position
d. to segregate net position into three components: invested in capital assets, net of related debt; restricted; and unrestricted

Question 2

______________________________ refers to the exploration, aggregation, and analysis of large quantities of varied data from across the organization.
Fill in the blank(s) with correct word