t of Financial Position for not for profit organizations? Which is true regarding the Select one: a. Assets and liabilities must be classified as to time (current and long term) b. Assets, liabilities and net assets must be classified between unrestricted temporarily restricted, and permanently restricted C.Net assets must be broken down between unrestricted temporarily restricted, and permanently restricted d. Assets and liabilities must be broken down between unrestricted, temporarily restricted and permanently restricted The On April 1, 20X1, an principal is held in trust by the First Mutual Bank and cannot be used by the hospital. What journal entry should be made by the hospital to record the establishment of the (c) Cash a (c) b. (d) stion 24Temporarily restricted net assets may be released from restriction by: yet wered Select one: O a. Approval of the independent auditor ked out of2 b. The death of the donor Flag estion O c. Satisfaction of purpose restrictions d Written authorization of the organization's board of directors Next nternational Universitv of net assets for a The s a. Unrestricted net assets b Invested in capital assets, net of related debt c Permanently restricted net assets