Question
Exercise 10-1: Components of Balance Sheet and Statement of Net Income Refer to the Metropolis Health System (MHS) supplemental information at the back of the
Exercise 10-1: Components of Balance Sheet and Statement of Net Income Refer to the Metropolis Health System (MHS) supplemental information at the back of the Examples and Exercises section. Use the MHS comparative balance sheet, statement of revenue and expenses, and statement of fund balance for this assignment. Required Identify the following MHS balance sheet components. List the name of each component and its amount(s) from the appropriate MHS financial statement.
Current Liabilities
Total Assets
Income from Operations
Accumulated Depreciation
Total Operating Revenue
Current Portion of Long-Term Debt
Interest Income
Inventories
Information from text book for this question is in website: https://books.google.com/books?id=yfuBAAAAQBAJ&pg=PA406&lpg=PA406&dq=less+current+portion+of+long+term+debt+(525,000)&source=bl&ots=Jez5830cXf&sig=AvPLW6w0guiePJYqFNdh0UkqPa8&hl=en&sa=X&ved=0ahUKEwitu7qx4N_OAhVHWh4KHYHTBXsQ6AEIMTAD#v=onepage&q=less%20current%20portion%20of%20long%20term%20debt%20(525%2C000)&f=false
I did the worksheet, but i'm not sure if it is correct.
I attached my work.
Component Current Liabilities Current Year Prior Year $5,825,000 $6,300,000 $32,800,000 $32,000,000 $1,700,000 $840,000 Accumulated Depreciation -$1,900,000 -$1,800,000 Total Operating Revenue $35,100,000 $34,600,000 -$525,000 -$500,000 $80,000 $40,000 $900,000 $850,000 Total Assets Income from Operations Current Portion of Long-Term Debt Interest Income Inventories
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