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    trilocksp Singh
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    During the year ended December 31, 2010, Anderson Hospital (a private not-for-profit organization) received $54,000 in donated medicines, $38,000 in donated services replacing salaried workers, $11,000 in additional donated services not replacing workers, and $23,000 in interest income. It incurred $176,000 in regular charges to patients, $210,000 in charity care, and $66,000 in bad debts. The document asks how the hospital should report each of these items.

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    During the year ended December 31, 2010, Anderson Hospital (a private not-for-profit organization) received $54,000 in donated medicines, $38,000 in donated services replacing salaried workers, $11,000 in additional donated services not replacing workers, and $23,000 in interest income. It incurred $176,000 in regular charges to patients, $210,000 in charity care, and $66,000 in bad debts. The document asks how the hospital should report each of these items.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Solutiondone 2-472

    Uploaded by

    trilocksp Singh
    During the year ended December 31, 2010, Anderson Hospital (a private not-for-profit organization) received $54,000 in donated medicines, $38,000 in donated services replacing salaried workers, $11,000 in additional donated services not replacing workers, and $23,000 in interest income. It incurred $176,000 in regular charges to patients, $210,000 in charity care, and $66,000 in bad debts. The document asks how the hospital should report each of these items.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    During the year ended December 31 2010 Anderson

    Hospital operated
    During the year ended December 31, 2010, Anderson Hospital (operated as a private not-for-
    profit organization) received and incurred the following:Fair value of donated medicines . . . . . . .
    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54,000Fair value of donated services (replaced salaried
    workers) . . . . . . . . . . . . . . . . . . 38,000Fair value of additional donated services(did not replace
    salaried workers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000Interest income . . . . . . . . .
    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,000Regular charges to patients . . . . . . . .
    . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,000Charity care . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    . . . . . . . . . . . . . . . . . . . . . . . . 210,000Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
    . . . . . . . . . . . . . . . . . 66,000How should this hospital report each of these items?View Solution:
    During the year ended December 31 2010 Anderson Hospital operated
    SOLUTION-- http://solutiondone.online/downloads/during-the-year-ended-
    december-31-2010-anderson-hospital-operated/

    Unlock answers here solutiondone.online

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