Question
Asked Aug 22, 2019
9 views

What is the difference between a balance sheet of a non profit organization and a for - profit business ? 

check_circle

Expert Answer

star
star
star
star
star
1 Rating
Step 1

The non-profit organizations are those which generlly received funds from donors and spend these funds for attaining its organisational purposes. The for-profit organisations are set up by owners who have invested their funds with the intent of ear...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Accounting

Related Accounting Q&A

Find answers to questions asked by student like you

Show more Q&A add
question_answer

Q: *Problem 11-2A (Part Level Submission)   The stockholders’ equity accounts of Cheyenne Corp. on ...

A: Calculating the value of dividends paid to common stockholder. We have,The value of dividend paid to...

question_answer

Q: Sandhill Co. sold $5,325,000, 9%, 15-year bonds on January 1, 2017. The bonds were dated January 1, ...

A: Bonds are generally long-term debt. The company issue bonds for investment purpose and paid interest...

question_answer

Q: Confronting Corruption & Resource Guide to FCPA Answer these questions: 1. Who are covered by th...

A: As you have posted 3 different questions, we are answering the first question.In case you require th...

question_answer

Q: Garrett Boone, Grouper Enterprises’ vice president of operations, needs to replace an automatic lath...

A: Calculating the total cash inflow from the new automatic lathe machine. We have,

question_answer

Q: Bob and Ted are partners. Bob is a 70% partner and Ted is a 30% partner. They have decided to liquid...

A: Partnership: This is the form of business entity which is formed by an agreement, owned and managed ...

question_answer

Q: Problem 11-2A (Part Level Submission) The stockholders’ equity accounts of Cheyenne Corp. on Januar...

A: Calculating the value of dividends paid to common stockholder. We have,The value of dividend paid to...

question_answer

Q: GPC, Inc has a $150,000 mortgage liability. The mortgage is payable in monthly instatement of $1,543...

A: Step 1:Given:Mortgage Liability = $ 150,000Monthly Instalment = $1,543Interest Rate           = 12% ...

question_answer

Q: Varto Company has 12,400 units of its sole product in inventory that it produced last year at a cost...

A: It is to be noted that the last of th inventory incurred last year is a sunk cost and not relevant f...

question_answer

Q: Prepare a contribution margin format income statement China Imports, Inc., sold 18,000 units in May....

A: Contribution margin format income statement of China Imports, Inc. is prepared using MS Excel: