What are the three categories into which NPOs must classify their net assets? Describe which net assets

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What are the three categories into which NPOs must classify their net assets? Describe which net assets are included in each category. Would board-designated net assets be reported as temporarily restricted net assets? Explain your answer.

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Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

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Question Posted: Dec 03, 2011 09:10 AM

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What are the three categories into which NPOs must classify their net assets? Describe which net assets

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SFAS No 117 requires notforprofit organizations to separate net assets into the three classification...View the full answer

Accounting for Governmental and Nonprofit Entities

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