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Business, 08.04.2020 00:10 mauri66

Clay University, a not-for-profit university, earned $300,000 from bookstore revenue and spent $100,000 for faculty research in 20X1. The $100,000 for faculty research came from a $150,000 research grant received in the previous year. What is the effect of these events on net assets without a donor restriction in 20X1

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Clay University, a not-for-profit university, earned $300,000 from bookstore revenue and spent $100,...
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