1. Using simple math, the Water Utility Fund of Eugene, Oregon has the following subtotals on its December 31, 2019 Statement of Net Position: Total Current and Accrued Assets, $2,000; Total Restricted Assets, $1,050; Net Utility Plant, $10,500; Other Assets, $60; Total Current Liabilities, $800; Liabilities payable from restricted assets, $250; and Long-term Liabilities, $7,900. How much would be the net positionUnrestricted?

A. $1,200.

B. $1,260.

C. $950.

D. $2,000.

2. Accrued Utility Revenues is best referred to as:

A. A receivable.

B. An unearned revenue.

C. An unbilled revenue.

D. An investment.