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Would you still be able to complete the table if the clinics were for-profit instead of not-for-profit? If not, explain why not? Below I give
Would you still be able to complete the table if the clinics were for-profit instead of not-for-profit? If not, explain why not?
Below I give you balance sheet information for 3 not-for-profit clinics. Fill in the blanks. Use commas in your answer. For instance, please type 30,000 instead of 30000. Assume that the clinics do not receive donations or investment income during the year. Clinic 1 Clinic 2 Clinic 3 "Dec 31, 2010" Assets 80,000 100,000 Liabilities 50,000 75000 Equity 60,000 45000 "Dec 31, 2011" Assets 130,000 180000 Liabilities 55,000 62,000 Equity 45,000 110000 "During 2011" Total 400,000 revenues Total 330,000 360000Step by Step Solution
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