Question: On the statement of activities for a private not-for-profit performing arts center, expenses should be deducted from I. Unrestricted revenues. II. Temporarily restricted revenues. III.

On the statement of activities for a private not-for-profit performing arts center, expenses should be deducted from I. Unrestricted revenues.

II. Temporarily restricted revenues.

III. Permanently restricted revenues.

a. I, II, and III.

b. Both I and II.

c. I only.

d. II only.

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