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17 Jan 2019

What is the traditional name for this statement?

What is the purpose of this statement?

What are the main sections of this statement?

Discuss the difference between permanently restricted and temporarily restricted net assets.

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Tod Thiel
Tod ThielLv2
17 Jan 2019

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Related questions

The following questions relate to the statement of operations of not for-profit health care organizations.

What is the analogous for-profit statement called? What are the main sections of the statement of operations?

What are revenues, gains, and other support?

What are expenses and losses?

Funds released from restricted net assets to unrestricted net assets are presented in what section of the statement of revenue, expenses and other activities?

Below is a list of accounts for Currie Hospital as of December 2013 (annual amounts)

Prepare a statement of operations for 2013 in good form.

Administrative Expense - 80,000

Net assets released from temporarily restricted accounts for operations - 120,000

Labor Expense - 260,000

Interest Expense - 12,000

Net patient service revenue - 840,000

Supply Expense - 88,000

Transfer to parent corporation - 10,000

Bad Debt Expense - 40,000

Depreciation Expense - 50,000

Below is a list of accounts for Currie Hospital as of December 2013 (annual amounts) Prepare a statement of operations for 2013 in good form.

Administrative Expense - 80,000

Net assets released from temporarily restricted accounts for operations - 120,000

Labor Expense - 260,000

Interest Expense 12,000

Net patient service revenue -840,000

Supply Expense 88,000

Transfer to parent corporation 10,000

Bad Debt Expense 40,000

Depreciation Expense - 50,000

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