Reporting Net Assets Invested in Capital Assets, Net of Related Debt

Loyd, D. Scot; Crawford, Michael A.
April 2007
Governmental GAAP Update Service;4/30/2007, Vol. 7 Issue 8, p1
Trade Publication
The article focuses on the Governmental Accounting Standards Board (GASB) Statement No. 34, titled "Basic Financial Statements—and Management’s Discussion and Analysis—for State and Local Governments (GASB-34)" in the U.S. For the government-wide and proprietary funds' statements of net assets, GASB-34 requires that net assets be reported in the following three components: net assets invested in capital assets, net of related debt, restricted net assets and unrestricted net assets.


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