On Wed, 7 Feb 2007 17:28:57 -0500, "Paul Thomas, CPA"
<paulthomascpapc@[EMAIL PROTECTED]
> wrote:
>You're off base. Maybe mot even in the park.
>
>It's not clear if this is a first year or not, so the actual answer may
vary
>greatly.
>
>Net incomes are what adds to what is being called equity. Actually
>non-profits don't have a true equity, but the theory is the same.
Assuming
>a beginning equity of $0, what would net revenue or net income need to be
to
>make equity $45,000?
Are you saying I'm wrong on the first problem as well?
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