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1. Expenses incurred by not-for-profit organizations should be reported as A. Decreases in one of the three categories of net assets. B. Decreases in net

1. Expenses incurred by not-for-profit organizations should be reported as

A. Decreases in one of the three categories of net assets.

B. Decreases in net assets with donor restrictions.

C. Decreases in net assets without donor restrictions.

D. Decreases in net assets with partial restrictions.

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