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    Advanced Accounting Concepts and Practice
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    Exam 26: Not-For-Profit Organizations: Introduction and Private Npos
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    Under FAS 116, Contributions of <U>capital</u> Assets Are Classified as Increasing
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Under FAS 116, Contributions of capital Assets Are Classified as Increasing

Question 115

Question 115

True/False

Under FAS 116, contributions of capital assets are classified as increasing unrestricted net assets when the assets are placed in service.

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