A government reported, in its government-wide Statement of Net Assets: Assets of $80 million, including $40 million in capital assets (cost) , with $12 million in accumulated depreciation and liabilities of $50 million, including long-term debt of $12 million, all related to capital asset acquisition. In addition, $4 million of cash was restricted for payment of debt service. The government's unrestricted net assets would be reported as:
A) $22 million
B) $20 million
C) $16 million
D) $10 million
Correct Answer:
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