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

 
   

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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?