In Its Statement of Net Assets,a Government Reported

question 2

Multiple Choice

In its Statement of Net Assets,a government reported:
•assets of $90 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 assets would be reported as:

• A) $15 million.
• B) $25 million.
• C) $30 million.
• D) $35 million.

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Definitions:

Coping

The process of managing external and internal demands that are perceived as taxing or exceeding the resources of the individual.

Spirituality

A broad concept involving a sense of connection to something greater than oneself, which can involve religious beliefs, personal growth, or a search for meaning.

Guided Imagery

A relaxation technique that involves visualizing calming and picturesque scenes in one's mind, often facilitated by a therapist or through audio recordings.

Relax

The process of reducing tension and stress, leading to a state of physical and mental ease or tranquility.