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In 2006 St. Joe s Hospital received a $50,000 cash gift to be used to buy supplies and other items for the pediatric department of

In 2006 St. Joe s Hospital received a $50,000 cash gift to be used to buy supplies and other items for the pediatric department of the hospital. In 2007, St. Joe s purchased puppets and other items to be used in explaining medical procedures to young children. The acquisition of the items causes a NET decrease in which class(es) of net assets?

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