d 24/40 24 4 points A nonprofit university uses fund accounting for internal purposes. It maintains a Plant Fund to account financial resources to be used for capital asset acquisitions as well as land, building, and equipment it uses in its operations. In its external financial reporting, how should the university classify the net assets that it reports in its Plant Fund? All net assets should be classified as net assets without donor restrictions All net assets should be classified as net assets with donor restrictions All net assets should be classified as net assets held for capital purposes Net assets arising from resources set aside by the governing board should be classified as net assets without donor restrictions; net assets arising from contributions restricted to capital asset acquisitions should be classified as net assets with donor restrictions Next