|Due By (Pacific Time)||10/09/2015 10:52 pm|
- True or false? Not-for-profit health care organizations segregate their net assets between paid-in capital and retained earnings, with paid-in capital representing donor contributions for capital asset acquisition, and retained earnings representing accumulated operating profits and losses. Explain your answer.
- Can an organization use any month as its fiscal year end? Explain.
- Use the following terms to fill in the correct answers.
- Equity/Net Assets
- Surplus or Deficit/Change in Net Assets
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