What terminology will be used on the balance sheet

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Question: Dr. Tier owns a non-profit agency in the local community that provides food, shelter, and counseling for disadvantaged youth and families. At the end of the year, the non-profit agency's difference between the total assets and liabilities is $300,000. Based on the legal structure of the non-profit agency, what terminology will be used on the balance sheet?

Reference no: EM133592093

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