During the year ended December 31, 2017, Anderson Hospital (operated as a private not-for-profit entity) 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 . . . . . . . . . . . . . . . 210,000Provision for bad debts . . . . . . 66,000How should this hospital report each of these items?
During the year ended December 31, 2017, Anderson Hospital (operated as a private not-for-profit entity) received and incurred the following:
Fair value of donated medicines . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . $ 54,000
Fair value of donated services (replaced salaried workers) .. . .38,000
Fair value of additional donated services (did not replace salaried workers) . . . 11,000
Interest income . . . . . . . . . . . . . 23,000
Regular charges to patients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,000
Charity care . . . . . . . . . . . . . . . 210,000
Provision for
How should this hospital report each of these items?
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