Introduction Brandywine Homecare, a not-for- dinero business, had revenues of $12 million in 2007. Expenses other than wear and tear measureed 75 percent of revenues, and depreciation put down was $1.5 million. each revenues were collected in money during the year and all disbursals other than depreciation were paid in silver. My report will consist the answers to the following questions: 1. Construct Brandywines 2007 income statement. 2. What were Brandywines 2007 displace income, total profit margin, and cash flow? 3. Suppose the caller adjustmentd its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled. How would this change affect Brandywines net income, total profit margin, and cash flow? 4. Explain the difference amidst cash and accrual accounting. Be sure to include a word of the revenue recognition and matching principles. 5. Explain the difference between equity section of a not- for-profit business and an investor-owned business. 1. Construct Brandywines 2007 income statement.
|Brandywine Homecare | | | |Income educational activity | | | |Year Ended December 31, 2007 | | ! | | | | | | | | | |Revenues: | | | |...If you deprivation to get a full essay, order it on our website:
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