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Identify each of the following as an asset, a liability, a revenue, an expense, or a net asset (unrestricted, temporary restricted, or permanently restricted): 1.

Identify each of the following as an asset, a liability, a revenue, an expense, or a net asset (unrestricted, temporary restricted, or permanently restricted): 1. The land on which the nonprofit is located and which it owns 2. Salaries owed to employees 3. A $100,000 grant to be paid next year for a specific purpose by a foundation 4. Government bonds owned by the nonprofit 5. Prepaid insurance expenses 6. A fifteen-year mortgage on the organizations building 7. Salaries paid to employees 8. Supplies in the closet 9. A bill from Staples 10. Money owed to the nonprofit but not yet paid

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