If you receive a phone call from someone asking you to donate funds to your college and

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If you receive a phone call from someone asking you to donate funds to your college and you agree to do so, those funds would probably fit into the category of [permanently restricted / temporarily restricted /

unrestricted] net assets. Unless you specify that your donation is to be saved for a specific purpose, or saved indefinitely and invested for a monetary return, it would show on the statement of financial position in the category u n a .

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Essentials Of Accounting

ISBN: 9780273771463

11th International Edition

Authors: Leslie K. Breitner

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