Question 1 (1 point) A not for profit's net assets would change if the following transaction occurred Question 3 options a Collection of a receivable b Recognition of depreciation on capital assets c Payment of wages previously earned and owed to employees d Purchase of inventory on credit e Taking out a bank loan

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Question 1 (1 point) A not-for-profit's net assets would change if the following transaction occurred: Question 3 options: a Collection of a receivable b Recognition

Question 1 (1 point) A not-for-profit's net assets would change if the following transaction occurred:

Question 3 options:

a	Collection of a receivable
b	Recognition of depreciation on capital assets
c	Payment of wages previously earned and owed to employees
d	Purchase of inventory on credit
e	Taking out a bank loan

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