General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired. To explain :where is gain on sale of hospitals properties recorded by hospital.

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Answer 1

Question

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

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Answer 2

Question

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

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Answer 3

Question

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

Expert Solution & Answer

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Answer 4

Question

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

Answer 6

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

Answer 7

Chapter 19, Problem 19.8Q

To determine

General fund: The resources received are accounted in general fund using accrual method to measure fully the expenses of providing services during the period. Fixed assets are included in funds assuming that governing board may use these assets in manner desired.

To explain:where is gain on sale of hospitals properties recorded by hospital.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 19 - Prob. 19.1Q Ch. 19 - Prob. 19.2Q Ch. 19 - Prob. 19.3Q Ch. 19 - Prob. 19.4Q Ch. 19 - Prob. 19.5Q Ch. 19 - Prob. 19.6Q Ch. 19 - Prob. 19.7Q Ch. 19 - Prob. 19.8Q Ch. 19 - Prob. 19.9Q Ch. 19 - Prob. 19.10Q

Solution Summary: The author explains how gain on sale of hospitals properties is recorded in general fund and reported in hospital’s statement of activities.

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Chapter 19 Solutions