What categories of net assets are required to be presented in a nonprofit entity's balance sheet?
A) Three-net assets without donor restrictions, net assets with donor restrictions, and net assets with board designations
B) Two-net assets released from restrictions and net assets with restrictions
C) Two-net assets without donor restrictions and net assets with donor restrictions
D) Three-restricted, unrestricted, and net investment in capital assets.
Correct Answer:
Verified
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