Statement of operations. The following are annual account balances as of September 30, 20X1, for Moore Hospital
#14. “Statement of operations. The following are annual account balances as of September 30, 20X1, for Moore Hospital. Prepare a statement of operations for the 12‐month period ending September 30, 20X1.
Givens
Patient service revenue (net of contractuals): $750,000
Supply expense:$75,000
Net assets released from donor restriction for operations:$25,000
Depreciation expense:$55,000
Transfer to parent corporation:$10,500
Labor expense:$600,000
Bad debt expense:$15,000
Unrealized gains from available for sale debt securities:$95,000
Answer preview to Statement of operations. The following are annual account balances as of September 30, 20X1, for Moore Hospital
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