If the equity/net assets section of the balance sheet (or statement of net assets)is comprised of unrestricted net assets,temporarily restricted net assets,and permanently restricted net assets,then the health care organization is

Question

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The presence of unrestricted, temporarily restricted, and permanently restricted net assets indicates that the organization is a non-profit entity. Within non-profit organizations, the classification of net assets is used to differentiate between funds with varying levels of donor restrictions. Therefore, the organization is private and nongovernmental.

If the Equity/net Assets Section of the Balance Sheet (Or