Great Forks Hospital reported net income for 2020 of $2.4 million on total revenues of $30 million.

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Great Forks Hospital reported net income for 2020 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.

a. What were total expenses for 2020?

b. What were total cash expenses for 2020?

c. What was the hospital’s 2020 cash flow?

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Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management

ISBN: 9781640551862

7th Edition

Authors: Kristin L. Reiter, Paula H. Song

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Question Posted: Mar 09, 2024 11:01 AM

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Great Forks Hospital reported net income for 2020 of $2.4 million on total revenues of $30 million.

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a Total Expenses for 2020 can be calculated using the formula Total Expens...View the full answer

Gapenski's Healthcare Finance An Introduction To Accounting And Financial Management

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