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goji.go goji.go
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9 years ago
A government university received a cash donation $1,000,000 to create an endowment. The income of the endowment can be used to support any activity of the university. In the balance sheet, the $1,000,000 endowment should be included in which component of net position?
A.   Unrestricted net position.
B.   Restricted — nonexpendable net position.
C.   Nonspendable net position.
D.   Permanently restricted net position.
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Diesel
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f_zah1f_zah1
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