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When a Not-For-Profit (Nongovernmental)organization Spends Money for the Purpose for Which

Question 55

Multiple Choice

When a not-for-profit (nongovernmental) organization spends money for the purpose for which an external donor intended,then the expense is reported as a


A) Decrease in temporarily restricted net assets.
B) Decrease in unrestricted net assets.
C) Decrease in permanently restricted net assets.
D) Decrease in current-restricted fund balance.

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