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

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What are the three categories into which NFPs 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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Related Book For  answer-question

Accounting for Governmental and Nonprofit Entities

ISBN: 978-0078025822

17th edition

Authors: Jacqueline Reck, Suzanne Lowensohn, Earl Wilson

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