1. Because for-profit and not-for-profit organizations have different financial goals, the finance function is totally different between these two forms of ownership.
2. Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Liabilities of $51.472 million Cash of $4.020 million Total Assets of $83.971 million Retained Earnings of $18.725 million. What was the Chester Corporation's common stock?