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Stokely Center for Human Trafficking Rights has total net assets at June 30, 2021 of $475,000 and of $500,000 at June 30, 2020. During
Stokely Center for Human Trafficking Rights has total net assets at June 30, 2021 of $475,000 and of $500,000 at June 30, 2020. During the fiscal year ended June 30, 2021, all contribution revenue recognized was without donor restrictions. Which of the following describes the impact of the change in total net assets on the statement of cash flows for fiscal year ended June 30, 2021 if the Center uses the indirect method? Increase of $25,000 in the financing section Decrease of $25,000 in the operating section Increase of $25,000 in the operating section Increase of $25,000 in the investing section Decrease of $25,000 in the investing section Decrease of $25,000 in the financing section
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