pls solve this ques I'll give you multiple upvotes. 67. The Johnson Hospital, a private not-for-profithospital, received the following revenues in the cur-rent year:Proceeds from sales of the Hospital'sflower shopDividends and interest revenuenot restrictedCash contributions for the renovation ofthe children's ward in the Hospital$60,000$20,000$200,000Which of these amounts should be reported as otherrevenues and gains (other revenue) on the Statementof Operations?a. $280,000b. $60,000c. $80,000d. $260,000

The other revenue means the revenue received from non-operating activities of the entity.

Answered: revenues and gains (other revenue) on…

Business

Accounting

revenues and gains (other revenue) on the Statement of Operations?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

pls solve this ques I'll give you multiple upvotes.

67. The Johnson Hospital, a private not-for-profit
hospital, received the following revenues in the cur-
rent year:
Proceeds from sales of the Hospital's
flower shop
Dividends and interest revenue
not restricted
Cash contributions for the renovation of
the children's ward in the Hospital
$60,000
$20,000
$200,000
Which of these amounts should be reported as other
revenues and gains (other revenue) on the Statement
of Operations?
a. $280,000
b. $60,000
c. $80,000
d. $260,000

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