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How should the net assets be classified

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Question - A non-profit organization enters into an agreement with a local bank to provide it with a letter of credit for a building project. The bank requires the organization to put aside 10% of pledges collected for the building project in a separate account as a good faith deposit for the line of credit. At year-end, the organization has $255,000 in this separate account. How should the $255,000 of net assets be classified?

Reference no: EM133080200

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