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Statement of Changes in Net Assets (5 pts.) · What attributed to the organization’s largest change...

Statement of Changes in Net Assets (5 pts.)

· What attributed to the organization’s largest change in net assets?

and Identify and state whether the company is non-profit or a for-profit entity.

FOR CLEVELAND CLINIC

Business   Finance   
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Answer #1

Ans ) Net assets is the Total assets minus outside liabilities .A positive net asset is an indication of the sound financial position of a company.The greatest factor that affect the net assests in the increase in income of the company as a result of increase in revenue.As that will result in increase retained earnings and there is also a payment of dividend.Hence more share would br purchased that will increase the net asset.Cleveland clinic is an academic medical organisation it has world class research and health facilities.

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