Question
Brandywine Clinic, a not-for-profit business, had revenues of $12 million in 2012. Expenses other depreciation totaled 75 percent of revenues, and depreciation expenses was $1.5
Brandywine Clinic, a not-for-profit business, had revenues of $12 million in 2012. Expenses other depreciation totaled 75 percent of revenues, and depreciation expenses was $1.5 million. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash.
A. Construct Brandywines' 2012 income statement
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
