In its government-wide Statement of Net Position, a government
reported assets of $165 million, including $50 million in capital
assets (net of depreciation), and liabilities of $80 million,
including long-term debt of $60 million, $40 million of which was
issued to acquire capital assets. In addition, $30 million was
restricted for debt service and other purposes. The government’s
Unrestricted Net Position would be reported as:
A) $85 million.
B) $55 million.
C) $45 million.
D) $35 million.

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Question: In its government-wide Statement of Net Position, a government reported assets of $165 million, i…
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