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n its Statement of Net Position, a government reported: • Assets of $200 million, including $120 million in capital assets (n

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Answer #1

Current assets = Total - capital assets = 200 - 120 = $80 million

Current liabilities = Total - long term debt = 80 -50 = $30 million

Net current assets = 80 -30 = 50milion

Unrestricted net position = $50 million - $10 million = $40million

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