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  3. Study Set
    Advanced Accounting Concepts and Practice
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    Exam 26: Not-For-Profit Organizations: Introduction and Private Npos
  5. Question
    In Determining the Appropriate Category of Net Assets in Which
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In Determining the Appropriate Category of Net Assets in Which

Question 55

Question 55

True/False

In determining the appropriate category of net assets in which to report endowment investment gains and losses, the last of three possible places to look is FAS 124, "Accounting for Certain Investments Held by Not-for-Profit organizations."

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