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  • A Government Hospital S Assets Include The Following A 2 000 000 Set

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    A government hospital has several assets including a $2 million endowment for cold research, $25 million in donations for a cancer center, $3.5 million from bonds for a maternity wing, and $1 million from an insurer for facility upgrades. These assets will be reported under noncurrent assets on the statement of net position and affect the hospital's net investment in capital assets and restricted net position categories.

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    A government hospital has several assets including a $2 million endowment for cold research, $25 million in donations for a cancer center, $3.5 million from bonds for a maternity wing, and $1 million from an insurer for facility upgrades. These assets will be reported under noncurrent assets on the statement of net position and affect the hospital's net investment in capital assets and restricted net position categories.

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    5 views1 page

    A Government Hospital S Assets Include The Following A 2 000 000 Set

    Uploaded by

    trilocksp Singh
    A government hospital has several assets including a $2 million endowment for cold research, $25 million in donations for a cancer center, $3.5 million from bonds for a maternity wing, and $1 million from an insurer for facility upgrades. These assets will be reported under noncurrent assets on the statement of net position and affect the hospital's net investment in capital assets and restricted net position categories.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    A government hospital s assets include the following a 2

    000 000 set


    A government hospital’s assets include the following:a. $2,000,000 set aside by the hospital
    board as an endowment to support research for curing the common coldb. $25,000,000
    donated by various individuals and organizations to finance construction and equipping of a
    cancer treatment and research centerc. $3,500,000 from a bond issue to finance expansion of
    the maternity wingd. $1,000,000 received from Blue Cross and Blue Shield (BCBS) as part of
    the hospital’s reimbursement for services rendered to BCBS insurees. The reimbursement
    agreement with BCBS requires that this portion of the reimbursement be used for plant
    replacement and expansion.How should these resources be reported in the hospital’s
    statement of net position? How do they affect the various categories of net position?View
    Solution: A government hospital s assets include the following a 2 000 000 set
    SOLUTION-- http://solutiondone.online/downloads/a-government-hospital-s-assets-include-the-
    following-a-2-000-000-set/

    Unlock answers here solutiondone.online

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