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21.Which of the following disclosures reported under unrestricted net assets is correct for donations made last year that could not be spent until this year?

21.Which of the following disclosures reported under unrestricted net assets is correct

for donations made last year that could not be spent until this year?

A. Reclassification from temporarily restricted net assetsexpiration of time restrictions.

B. Reclassification to temporarily restricted net assetsestablishment of time

restrictions.

C. A and B.

D. Neither A nor B.

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