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Dr. Expenditures $250,000 Cr. Cash $250,000 The above journal entry for a Non for profit entity most likely A. Replace a liability B. record a

Dr. Expenditures $250,000 Cr. Cash $250,000 The above journal entry for a Non for profit entity most likely

A. Replace a liability

B. record a transfer

C. Records an acquisition of a new capital asset

D. Records a debt fund purchase

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