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AVprozaik [17]
4 years ago
12

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

as: Group of answer choices An unrestricted component of net position. A net investment in capital assets. A restricted component of net position. A designated component of net position.
Business
1 answer:
Ivanshal [37]4 years ago
6 0

Answer: An unrestricted component of net position

Explanation:

Fund balances can be committed, restricted, assigned, and unassigned. The designation of city council has no right to restrict funds.

A restriction of fund can only be imposed through legislation, constitution, or external resource providers, and not by the designation by the city council. In this case, funds would be unrestricted.

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Answer:

Option (A) is correct.

Explanation:

Given that,

After-tax IRR on total investment in the property = 9.0%

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= 15%

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Answer:

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Explanation:

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