Question: Some assets are donated so that they are maintained permanently by an institution rather than used up. Usually the donors allow the institution to use

Some assets are donated so that they are maintained permanently by an institution rather than used up. Usually the donors allow the institution to use some of the income (or return) generated from investing these assets. While the income can support general operating activities, the assets themselves usually cannot be spent. Such assets fit into the category of p _______ ly restricted net assets.

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