Below is a list of accounts for Currie Hospital for December 2013 (annual amounts). Prepare a statement of operations for 2013 in good form. Account Amount Administrative expenses $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 for December 2013 (annual amounts). Prepare a statement of operations for 2013 in good form. Account Amount Administrative expenses $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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Below is a list of accounts for Currie Hospital for December 2013 (annual amounts). Prepare a statement of operations for 2013 in good form.
Account Amount
Administrative expenses $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
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