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> If they are non-profit, they do not make billions in profits. I suspect you mean revenue :) Uhm, profit is a fact of accounting. Any increase in equity (or "
by username332211 3y ago
> If they are non-profit, they do not make billions in profits. I suspect you mean revenue :)
Uhm, profit is a fact of accounting. Any increase in equity (or "net assets", or whatever other euphemism the accountant decides to use) on a balance sheet is profit. Revenue is something completely different.
- whimsicalism 3y agoChange in net asset is calculated the same as net profit, but is not the same in an accounting sense. Constitutive to profit is a return to private stakeholders, holding assets in reserve or re-investing in capital is not the same.
- username332211 3y agoWhat's in a name? That which we call a rose By any other name would smell as sweet
- whimsicalism 3y agoReinvesting in providing further care or lowering costs would smell as sweet as giving it to wealthy individuals? Should get your nose checked, sounds like you have covid or something.
- lotsofpulp 3y agoThis is incorrect. Any increase in equity is not profit, and profit is not shown on the balance sheet. Profit is revenue minus expenses, also known as net income, and is shown on the income statement: https://www.investopedia.com/ask/answers/101314/what-difference-between-income-statement-and-balance-sheet.asp https://www.investopedia.com/ask/answers/101314/what-differe...