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  Not-for-profit organizations hope to _____________________.   Liabilities + Owner’s Equity = ___

  Not-for-profit organizations hope to _____________________.   Liabilities + Owner’s Equity = ___. Question
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Not-for-profit organizations hope to _____________________.

 

Liabilities + Owner’s Equity = ___________________________.

 

Name 3 key financial statements________________________.

 

Name 3 necessary elements for earning a profit____________.

 

The Statement of Financial Position or Balance Sheet illustrates _____________.

 

___________are dollars owed to the organization by consumers of goods and services.

 

___________refers to payment expected to an organization but never received.

 

Fixed assets include_________________________________________________.

 

____________________ is the cost of a building or equipment over time.

 

The spreading out or allocation of intangible items is ______________________.

 

Name 2 liabilities for a non-profit organization____________________________.

 

Net revenue is _________________________________.

 

List 3 IRS requirements for a not-for-profit organization___________________.

 

Plant and equipment adjusted for accumulated depreciation are valued based on _____________________________.

 

Allowance for uncollectible accounts is a cumulative number, reflecting all of the organization’s current accounts receivable that it does not expect to collect. This is known as ___________________.

 

What is the matching principle________________________?

 

Why is depreciation a positive amount on the cash flow statement_______________?

 

Why would the official charge rate for services differ from net patient revenue____?

 

A journal entry for payroll would include what elements______________?

 

Long-term liabilities include_______________________________.

 

Expenses include____________________________________.

 

What information is included on the operating statement_________________________?

 

What are various supplies that are used to provide goods and services____?

 

An accounting ledger is also known as ______________________________.

 

Fixed assets include ______________________________________.

 

What does the common cost ratio reflect_______________________?

 

The operating margin is _____________________________________.

 

How do you calculate the profit margin for an organization__________?
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  Not-for-profit organizations hope to _____________________.   Liabilities + Owner’s Equity = ___

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