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Lassen Medical Center, a Private NFP Organization, Receives Donations as Part

Question 51

Multiple Choice

Lassen Medical Center, a private NFP organization, receives donations as part of a capital campaign to raise money to build new facilities. They need to raise $10 million to start construction, and they haven't reached that goal yet. The donations received are reported as increases in:


A) Contributions receivable
B) Liabilities
C) Net assets with donor restrictions
D) Net assets without donor restrictions

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