Net Assets must be presented separately in the Statement of Activities for the three classes (unrestricted,temporarily restricted,and permanently restricted).

Name: Net Assets must be presented separately in the Statement of Activities for the three classes (unrestricted,temporarily restricted,and permanently restricted).
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Question

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The current accounting standards require net assets to be presented in two classes: net assets with donor restrictions and net assets without donor restrictions.

Net Assets Must Be Presented Separately in the Statement of Activities