29. During the year ended December 31,2008, Anderson Hospital (operated as a private not-for-profit organization) received and

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29. During the year ended December 31,2008, Anderson Hospital (operated as a private not-for-profit organization) received and incurred the following:

Fair value of donatedmedicines. $ 54,000 Fair value of donated services (replaced salariedworkers). 38,000 Fair value of additional donated services

(did not replace salariedworkers). 11,000 Interest income on board-designated funds.23,000 Regular charges to patients.176,000 Charity care.210,000 Baddebts. 66,000 How should this hospital report each of these items?

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Advanced Accounting

ISBN: 9780073379456

9th Edition

Authors: Joe Ben Hoyle, Timothy S. Doupnik, Thomas F. Schaefer, Oe Ben Hoyle

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