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In the statement of activities for a nongovernmental, not - for - profit organization, all expenses are reported as decreases in which of the following

In the statement of activities for a nongovernmental, not

-

for

-

profit organization, all expenses are reported as decreases in which of the following net asset classes?

Multiple Choice

Endowment net assets.

Permanently restricted net assets.

Net assets with donor restrictions.

Unrestricted net assets.

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