In its Statement of Net Assets,a government reported:
The government also reported $10 million of net assets were restricted for payment of debt service.The government's unrestricted net assets would be reported as:

Question

Quizplus · Accepted Answer

Unrestricted net assets are total net assets minus restricted net assets. Therefore, the government's unrestricted net assets would be $20 million ($30 million - $10 million).

In Its Statement of Net Assets,a Government Reported