Wilson Hospital, a non-profit hospital affiliated with Wilson College, had the following cash receipts for the year ended December 31, 20X1: Collection of health care receivables P750,000 Contribution from donor to establish a term endowment 150,000 Tuition from nursing school 500,000 Dividends received from investment in permanent endowment 20,000 The dividends received are restricted by the donor for hospital building improvements. No improvements were made during 20X1. On the hospital’s statement of cash flows for the year ended December 31, 20X1, what amount of the above receipts would be included in the amount reported for net cash provided (used) by operating activities. PROVIDE JOURNAL ENTRIES
Wilson Hospital, a non-profit hospital affiliated with Wilson College, had the following cash receipts for the
year ended December 31, 20X1:
Collection of health care receivables P750,000
Contribution from donor to establish a term endowment 150,000
Tuition from nursing school 500,000
Dividends received from investment in permanent endowment 20,000
The dividends received are restricted by the donor for hospital building improvements. No improvements
were made during 20X1. On the hospital’s statement of
what amount of the above receipts would be included in the amount reported for net cash provided (used)
by operating activities.
PROVIDE
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