On the statement of net position of proprietary funds, how is net investment in capital...
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Finance
On the statement of net position of proprietary funds, how is net investment in capital assets measured?
Select one:
a. Cost of capital assets, net of accumulated depreciation, less outstanding principal of related debt
b. Cost of capital assets
c. Cost of capital assets, net of accumulated depreciation
d. Cost of capital assets less outstanding principal of related debt
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