The difference between assets and liabilities in the government-wide statements is called_________.

Name: The difference between assets and liabilities in the government-wide statements is called_________.
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The difference between assets and liabilities in the government-wide statements is called Net Assets. Net Assets represents the residual interest in the government's assets after deducting liabilities. It is categorized into three parts- invested in capital assets, restricted, and unrestricted.

The Difference Between Assets and Liabilities in the Government-Wide Statements