Introduction Brandywine Homecare, a not-for-profit stemma, had receiptss of $12 gazillion in 2007. Expenses oppositewise than bore and tear measureed 75 portion of revenues, and dispraise expense was $1.5 million. all(prenominal) revenues were collected in money during the year and all expenses other than depreciation were paid in immediate payment. My report will contain the answers to the following questions: 1. Construct Brandywines 2007 income statement. 2. What were Brandywines 2007 exonerate income, thoroughgoing profit margin, and cash period? 3. Suppose the company adjustmentd its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this diverge affect Brandywines net income, total profit margin, and cash flow? 4. apologise the diversity between cash and assemblage accounting. Be sure to accept a discussion of the revenue recognition and matching principles. 5. Explain the difference between justice section of a not-for-profit business and an investor-owned business. 1. Construct Brandywines 2007 income statement.
|Brandywine Homecare | | | |Income educational activity | | | |Year finish December 31, 2007 | | | | | | | | | | | |Revenues: | | | |...If you want to run low a full essay, dictate it on our website:
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