Which of the following is not true for the accounting for private nonprofit colleges and universities? With donor restrictions assets that are nonexpendable would include endowments and museum collections that are intended to be maintained permanently. Without donor restriction net assets would include earnings on endowment funds designated as such by the Board of Trustees. Without donor restriction net assets would include contributions restricted for time, plant, and endowment purposes. Two classes of net assets should be used: without donor restrictions and with donor restrictions.

Which of the following is not true for the accounting for private nonprofit colleges and universities? With donor restrictions assets that are nonexpendable would include endowments and museum collections that are intended to be maintained permanently. Without donor restriction net assets would include earnings on endowment funds designated as such by the Board of Trustees. Without donor restriction net assets would include contributions restricted for time, plant, and endowment purposes. Two classes of net assets should be used: without donor restrictions and with donor restrictions