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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, a Purpose Restriction Is Deemed to Have
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Under FAS 116, a Purpose Restriction Is Deemed to Have

Question 69

Question 69

True/False

Under FAS 116, a purpose restriction is deemed to have expired when an expense has been incurred for that purpose.

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