The balance sheet of an enterprise fund reports an asset as “restricted cash and investments” and…

The balance sheet of an enterprise fund reports an asset as “restricted cash and investments” and…

The balance sheet of an enterprise fund reports an asset as “restricted cash and investments” and shows a portion of ‘‘net position’’ as restricted. Provide an example of the types of restrictions to which the assets of a proprietary fund might be subject. Why might the “restricted cash and investments” not be equal to the portion of ‘‘net position’’ that isrestricted?

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