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A donor gave $1,200,000 to a private non-profit organization to be kept as an endowment. In addition, the governing board permanently allocated $500,000 to the

A donor gave $1,200,000 to a private non-profit organization to be kept as an endowment. In addition, the governing board permanently allocated $500,000 to the endowment.

In the Statement of Financial Position, how should these amounts be classified?

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