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During the year ended December 31, 2015, Anderson Hospital (operated as a private not-for-profit entity) received and incurred the following: How should this hospital report
During the year ended December 31, 2015, Anderson Hospital (operated as a private not-for-profit entity) received and incurred the following: How should this hospital report each of these items? $54,000 38,000 11,000 Fair value of donated medicines Fair value of donated services (replaced salaried workers) Fair value of additional donated services(did not replace salaried workers) Interest income Regular charges to patients Charity care Provision for bad debts 23,000 Asset 176,000 Asset and Expense 210,000 Asset and Revenue 66,000 Expense
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