Multiple Choice
Which of the following would be a contribution increasing permanently restricted net assets?
A) A contribution by a donor in the amount of $1,000,000, set aside by the governing board as funds not to be expended.
B) A contribution by a donor in the amount of $1,000,000 to be used to acquire land.
C) Both A & B above.
D) Neither A nor B above
Correct Answer:
Verified
Correct Answer:
Verified
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