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Select from the option list provided the category of net assets of a nongovernmental NFP that will be affected by each event below. Each
Select from the option list provided the category of net assets of a nongovernmental NFP that will be affected by each event below. Each choice may be used once, more than once, or not at all. Event 1. The NFP receives a donation stipulating that it will be expended on building low-cost housing in urban areas within the next 5 years. 2. A donor makes a verifiable unconditional promise to the NFP to contribute municipal bonds with a 20-year maturity. The donor intends to support the NFP's current activities. 3. A donor makes an unconditional promise to the NFP to contribute municipal bonds with a 20-year maturity 18 months from the reporting date. 4. The NFP receives a donation stipulating that it will be invested in common stocks, and the dividends will be used to support fundraising activities. 5. The time restriction on a donation expires. The principal and accumulated interest are spent on education programs. 6. The NFP receives a donation of $1 million. The board of directors decides that half will be spent in the current year and half will be used to purchase a new warehouse. Change in E S E i
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