Deferred Outflows and Inflows of Resources

Question 1

How to calculate government-wide net position in government wide statement of net position?

Answer 1

Assets
\+ deferred outflows of resources
- Liabilities 
- deferred inflows of resources
= net position

Question 2

What is asset and what is liability?

Answer 2

Deferred outflows are assets

Deferred inflows are liabilities (unearned revenue)