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Dr. Tier owns a non-profit agency in the local community that provides food, shelter, and counseling for disadvantaged youth and families. At the end of
Dr. Tier owns a non-profit agency in the local community that provides food, shelter, and counseling for disadvantaged youth and families. At the end of the year, the non-profit agency's difference between the total assets and liabilities is $300,000. Based on the legal structure of the non-profit agency, what terminology will be used on the balance sheet? a. Capital stock b. Net assets c. Owner's equity d. Fund balance
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