Final answer:
The net position section in the statement of net position is displayed in the same way for government-wide statements and proprietary funds, which is reflected in option b. T-accounts exemplify the concept that assets equal liabilities plus net worth.
Step-by-step explanation:
The net position section of the statement of net position is displayed using the same categories for government-wide statements and proprietary funds. Therefore, the correct answer to the student's question is option b. Government-wide statements and proprietary funds. This section reflects the financial position of a government or business entity and includes categories such as net investment in capital assets, restricted, and unrestricted net position. These categories help in assessing the financial health and sustainability of the entity in focus.
For clarity, a T-account is used to represent the fundamental accounting equation where assets equal liabilities plus net worth (or equity). This concept is at the core of double-entry bookkeeping, which underpins the statement of net position. Proprietary funds are used to account for activities similar to private sector businesses, and their statements reflect this by displaying net position in a manner akin to equity in a private business's balance sheet.