In Its Government-Wide Statement of Net Position, a Government Reported

question 152

Multiple Choice

In its government-wide Statement of Net Position, a government reported assets of $165 million, including $70 million in capital assets net of depreciation) , and liabilities of $80 million, including long-term debt of $60 million, $50 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) $65 million.
• C) $45 million.
• D) $35 million.

---

Definitions:

Global Teams

Diverse work groups that operate across different geographical locations, leveraging technological tools to collaborate and achieve common goals.

Global Team

A group of individuals working together from various geographical locations, leveraging digital tools to achieve common goals.

Native Language

The first language a person learns to speak in childhood, which is often the primary means of communication in their daily life.

Global Team

A group of individuals working across time zones, borders, and cultures towards a common business goal or project, often facilitated by technology.