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Homework answers / question archive / Problem 2 Below, please find financial statement information on four "not-for-profit hospitals"

Problem 2 Below, please find financial statement information on four "not-for-profit hospitals"

Accounting

Problem 2 Below, please find financial statement information on four "not-for-profit hospitals". Orlando Apopka Kissimmee Winter Park $220,000 70,000 A $500,000 D 200,000 G 280,000 370,000 $480,000 J 400,000 December 31, 2019 Assets Liabilities Equity December 31, 2020 Assets Liabilities Equity During 2020 Total revenues Total expenses B 60,000 180,000 480,000 310,000 E 700,000 ? 350,000 K 100,000 440,000 750,000 ? 640,000 1 690,000 320,000 L Using the accounting equation (Assets Liabilities + Equity) and the expanded accounting equation (A_2020 = Liabilities_2020 + Equity_2019 + Revenues_2020 - Expenses_2020) fill in the missing values labeled A through L.

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