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which of the following is true regarding the Statement of Financial Position for nongovernmental, not-for-profit organizations? A) The Statement must display asset and liabillites separated

which of the following is true regarding the Statement of Financial Position for nongovernmental, not-for-profit organizations?

A) The Statement must display asset and liabillites separated between the categories of net asset or with or without donor restrictions.

B) The Statement must display totals for residual equity separated between the categories of net assets with or without donor restrictions

C) Both of the choices are true

D) Neither of the choices is true

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