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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 1: Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities
  5. Question
    The FASB Standards Require Not-For-Profit Entities to Report Net Assets
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The FASB Standards Require Not-For-Profit Entities to Report Net Assets

Question 46

Question 46

True/False

The FASB standards require not-for-profit entities to report net assets in three categories: unrestricted, restricted, and net investment in capital assets.

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