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In a not-for-profit organization, donations received for a particular purpose are recorded as Net Assets _1.__. Donations that cannot be spent, but the earnings can

In a not-for-profit organization, donations received for a particular purpose are recorded as Net Assets _1.__. Donations that cannot be spent, but the earnings can be, are referred to as Net Assets _1.__. Profits and donations with no donor specifications are referred to as Net Assets ______2__

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