Unrestricted Net Assets = $400,000; Temporarily Restricted Net Assets = $420,000
Template 1 Balance Sheet (Simple Example) See Chapter 5 for a discussion of this topic. Below is a simple example of a Balance Sheet. You may change the name of the company in the heading to your company, change the date, and replace the xxx's with your values. The totals will be calculated automatically. Keepuwell Clinic Balance Sheet As of December 31, 2013 ASSETS Current Assets XXX XXX XXX $0 Fixed Assets LIABILITIES & Net Assets Liabilities Current liabilities Long-term liabilities Total Liabilities Net Assets Unrestricted Temporarily Restricted Permanently Restricted Total Net Assets XXX Investments XXX Intangibles XXX XXX XXX $0 XXX TOTAL LIABILITIES & NET ASSETS TOTAL ASSETS $ $0 $0
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
