What are the two categories into which NFPs must classify their net assets? Describe which net assets

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What are the two categories into which NFPs must classify their net assets? Describe which net assets are included in each category. Would board designated net assets be reported as net assets with donor restrictions? Explain your answer.

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Accounting for Governmental and Nonprofit Entities

ISBN: 978-1259917059

18th edition

Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely

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Question Posted: Nov 12, 2018 05:03 AM

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What are the two categories into which NFPs must classify their net assets? Describe which net assets

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FASB ASC 95820545 requires notforprofit organizations to separate net assets into the two classifica...View the full answer

Accounting for Governmental and Nonprofit Entities

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