Business, 18.03.2021 01:20 keilahkimbrough8

A nonprofit university uses fund accounting. The university's governing board decides to set aside $500,000 in a separate fund called the Student Performance Quasi-Endowment Fund, the income of which will be used to finance a long-term study on the career paths of the university's graduates. In which net asset classification of the university's statement of financial position would the net assets in this fund be reported? A. Net assets without donor restrictions-board-designated for research
B. Net assets without donor restrictions-board-restricted for research
C. Net assets with board designations
D. Endowment funds

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A nonprofit university uses fund accounting. The university's governing board decides to set aside $...

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