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Home Q & A Board Other Fields Homework Help Business Accounting
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logiol22 logiol22
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6 years ago
If a primary government has an equity interest in a joint venture, the net investment (total equity interest) is reported as
A.An asset of either governmental or business-type activities, as appropriate, in the government-wide statement of net position.
B.An asset of the General Fund in the governmental funds balance sheet.
C.A liability of either governmental or business-type activities, as appropriate, in the government-wide statement of net position.
D.A Permanent Fund in the governmental funds financial statements.
Textbook 
Governmental and Nonprofit Accounting

Governmental and Nonprofit Accounting


Edition: 11th
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freshcofreshco
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logiol22 Author
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#2
6 years ago
Makes more sense now, TY
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