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 = ___