Which one of the following accounts are used to display the difference between a

Question

Which one of the following accounts are used to display the difference between assets and liabilities in a federal agency balance sheet?
A). Unexpended appropriations and cumulative result of operations,
B). unrestricted net position, restricted net position, and net investment in capital assets
C). Unassigned, signed, committed, restricted and non-spendable fund balance
D). Unrestricted, temporarily restricted, and permanently restricted net assets

Which one of the following accounts are used to display the difference between assets and liabilities in a federal agency balance sheet?
A). Unexpended appropriations and cumulative result of operations,
B). unrestricted net position, restricted net position, and net investment in capital assets
C). Unassigned, signed, committed, restricted and non-spendable fund balance
D). Unrestricted, temporarily restricted, and permanently restricted net assets


A). Unexpended appropriations and cumulative result of operations,
B). unrestricted net position, restricted net position, and net investment in capital assets
C). Unassigned, signed, committed, restricted and non-spendable fund balance
D). Unrestricted, temporarily restricted, and permanently restricted net assets

Explanation / Answer

Option b

Unrestricted net position, restricted net position, and net investment in capital assests

The above option is used to display the difference between assets and liability

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