Acc/548 Q2

 In its Statement of Net Assets, a government reported:

• assets of $90 million, including $30 million in capital assets (net), and 
• liabilities of $50 million, including long-term debt of $15 million, all related to capital asset acquisition. 

The government also reported $5 million of net assets were restricted for payment of debt service. The government's unrestricted net assets would be reported as: 
A) $10 million. 
B) $20 million. 
C) $25 million. 
D) $30 million.