In its Statement of Net Position,a government reported:
•assets of $100 million,including $30 million in capital assets (net),and
•liabilities of $40 million,including long-term debt of $15 million,all related to capital asset acquisition.
The government also reported $10 million of net assets were restricted for payment of debt service.The government's Unrestricted Net Position would be reported as:

Question

Quizplus · Accepted Answer

The Answer of In its Statement of Net Position,a government reported:
•assets of $100 million,including $30 million in capital assets (net),and
•liabilities of $40 million,including long-term debt of $15 million,all related to capital asset acquisition.
The government also reported $10 million of net assets were restricted for payment of debt service.The government's Unrestricted Net Position would be reported as:

In Its Statement of Net Position,a Government Reported