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  3. a donor gave $1,200,000 to a private not-for-profi

A donor gave $1,200,000 to a private not-for-profit organization to be held in endowment. In...

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Accounting

A donor gave $1,200,000 to a private not-for-profit organization to be held in endowment. In addition, the governing board permanently designated $500,000 to the endowment. In the Statement of Financial Position, how should these amounts be classified?

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