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Prepare journal entries to record the following transactions of a not for profit hospital:1. The hospital billed its patients for $ 250,000. 2. Nurses and doctors employed by the hospital were paid their salaries, $ 100,000.3. The chief administrative officer was paid her salary of $ 10,000.4. The hospital paid its utility bill, $ 5,000.5. Depreciation on the equipment was $ 34,000.6. Several adults donated their time (worth $ 5,000) selling merchandise in the hospital gift shop.7. The hospital billed Medicare $ 100,000 for services provided at its established rates. The prospective billing arrangement gives Medicare a 40 percent discount from these rates.8. An unrestricted donation of $ 4,000 was received.
Determine each year's absorption costing net operating income. Present your answer in the form of a reconciliation report.
How can you use CAATs to detect fraud? What do you gain by using CAATs to detect fraud
Bob meets next month with a banker to secure a 60 day line of credit. He asks Mark which financial ratios will be of the most interest to the loan officer. How should Mark respond, any why?
Journalize all entries required on the abouve dates, including entries to update depreciation, where applicable, on assets disposed of. Thomas Company uses straight-line depreciation. (Assume depreciation is uo to date as of Dec 31 2005.
First, suppose that a worker receives an off er from all three companies; on the same graph, draw the income-household time (''''budget") constraint for the coming year under both o ffers. (Clearly label each company with di erent colors and an actua..
london purchased a piece of real estate last year for 85400. the real estate is now worth 104300. if london needs to
Write a 350-word response regarding the differences between the direct and indirect presentation of cash flows. Why does the Financial Accounting Standards Board allow both methods? Which do you prefer? Why?
a. Prepare an incremental analysis for the decision to make or buy the wheels. b. Should Collier Bicycles buy the wheels from the outside supplier? Justify your answer.
Prepare the necessary entry if the holder exercises this option - the holder allows the option to expire.
a st. falls subcontractor has offered to produce the parts for job no. 110 for a price of 8 per unit. assume the st.
Amata paid $100 per share for her Kingbird Corporation's stock five (5) years ago. As a result of this transaction, which of the following is correct?
firms hl and ll are identical except for their leverage ratios and the interest rates they pay on debt. each has 28
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