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In the last month of FY 2020, a not-for-profit soup kitchen received $10,000 in donated canned goods. On the last day of the fiscal year,
In the last month of FY 2020, a not-for-profit soup kitchen received $10,000 in donated canned goods. On the last day of the fiscal year, the kitchen manager noted that half of the donated food remained in the pantry. What net effect would the above transactions have on the organization's net assets? Question 8 options: A net decrease in net assets No net effect on net assets A net increase in net assets
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