Question: Fill in the missing values labeled (a) through (i). You will have 9 answers. Below is financial statement information on three not-for- profit organizations. Financial
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Fill in the missing values labeled (a) through (i). You will have 9 answers. Below is financial statement information on three not-for- profit organizations.
Financial Statement Data on Three Not-for-Profit Clinics | |||
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| Lowland Clinic | Casio Clinic | Jarrod Clinic |
| December 31, 2019: |
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| Assets | $80,000 | $100,000 | (g) |
| Liabilities | $50,000 | (d) | $75,000 |
| Net Assets | (a) | $60,000 | $45,000 |
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| December 31, 2020: |
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| Assets | (b) | $130,000 | $180,000 |
| Liabilities | $55,000 | $60,000 | (h) |
| Net Assets | $48,000 | (e) | $100,000 |
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| During 2020: |
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| Total Revenue | (c) | $400,000 | (i) |
| Total Expenses | $330,000 | (f) | $360,000 |
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| Increase in Equity | $15,000 | $10,000 | $60,000 |
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