Problem 4.5

Part a) Compare example 4.1 to the work 4.5 to look for meaningful differences between these two balance sheets. [Things to consider: Based on the names of the companies are they similar or different? Think about how this would be expected to impact the balance sheet. Compare the assets they both have-are they the same or not? Does it make sense? Compare the proportions. Similar liabilities? Notice net equity, etc..]

Clinic: Assets 2020 2019 jeets, er 31, 2019 ands) $ 12,102 $ 6,486 5,000 25,927 Current Assets: Cash and cash equivalents Short-term investments Net patient accounts receivable Inventories Total current assets Long-term investments Net property and equipment Total assets 10,000 28,509 3,695 $ 54.306 48,059 52.450 $154,815 2.302 $39.715 25,837 49.549 $115.101 $.4334 Liabilities and Equity Current Liabilities: Notes payable Accounts payable Accrued expenses Total current liabilities Long-term debt Total liabilities Net assets Equity Total abilities and equity 5.022 6,069 $ 15,425 85-322 $100.747 $ 3.345 6,933 5.937 $ 15.315 1918 168,893 5 SAL Chapter 4 The Balance Sheet and soment of Cash Flows 2020 2019 Net Assets (Equity) Net assets without donor restrictions: Net assets with donor restrictions Total net assets $ 45.762 $ 8.306 554068 $39.368 56,840 140,200 EXHIBIT 4.5 Sunnyvale Clinic: Balance Sheet Net Assets (Equity Section Under Fund Accounting. December 31 2020 and 2019 SAT the CITIE When the more e additi emmer unrctica 10 may conta manently the par