Question: 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

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

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