Question
A not-for-profit hospital uses three revenue-controlling accounts: Patient Service Revenue, Other Operating Revenue, and Nonoperating Revenue. Indicate which of the three revenue accounts would be
A not-for-profit hospital uses three revenue-controlling accounts: Patient Service Revenue, Other Operating Revenue, and Nonoperating Revenue. Indicate which of the three revenue accounts would be credited to record the following transactions, or None if none of the accounts is appropriate. Snack bar sales Pharmacy sales to patients Gains on sale of unrestricted investments Choose... Choose... Choose... Princess Alice makes a cash gift which has no strings attached. Choose... Dividends from Unrestricted investments Choose... Proceeds from bond sale Choose... Fees for educational program offered to nurses Choose... = Cafeteria sales to visitors Choose... Contributions for a term endowment = Choose... Operating rooms fees Choose.... A not-for-profit hospital uses three revenue-controlling accounts: Patient Service Revenue, Other Operating Revenue, and Nonoperating Revenue. Indicate which of the three revenue accounts would be credited to record the following transactions, or None if none of the accounts is appropriate. Snack bar sales Pharmacy sales to patients Gains on sale of unrestricted investments Princess Alice makes a cash gift which has no strings attached. Dividends from Unrestricted investments Proceeds from bond sale Fees for educational program offered to nurses Choose... Choose... Nonoperating Revenue permanently restricted Nonoperating Revenue - Unrestricted Other Operating Revenue - permanently restricted None Nonoperating Revenue temporarily restricted Patient Services Revenue - Unrestricted Other Operating Revenue - Unrestricted Other Operating Revenue temporarily restricted Choose... Choose... Cafeteria sales to visitors Contributions for a term endowment Operating rooms fees Choose... Choose... +
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