The line labeled "net assets released from use restrictions," reported on a private NFP organization's operating statement, represents
A) Donor-restricted resources used according to the donor's wishes during the year.
B) Donor-restricted resources used to finance the organization's programs during the year, but not used for administrative expenses.
C) Donor-restricted resources used to acquire capital assets, but not for program or administrative expenses.
D) Resources used to pay the principal of loans.
Correct Answer:
Verified
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