Answered step by step
Verified Expert Solution
Question
1 Approved Answer
For X hospital corporation during the year ended at 31.12.2019 [8 Marks] Item 2018 Net patient service revenues (Sales) Less: cost of nursing, administrative, depreciation
For X hospital corporation during the year ended at 31.12.2019
[8 Marks]
Item | 2018 |
Net patient service revenues (Sales) Less: cost of nursing, administrative, depreciation and general (COGS) | 15,000 12,000 |
Operating income (EBIT) Less: interest expenses (10%) | 3,000 300 |
Taxable income (EBT) Less: Tax (5%) | 2,700 135 |
Net income | 2565 |
Assets | AED | Liabilities an Equities |
Cash | 9,000 | Account payables |
M. Securities | 3,000 | Notes Payables |
Net patients' receivables | 5,000 | T. current liabilities |
Inventories | 9,000 | Long term Debts |
T. current Assets | 26,000 | T. Liabilities |
Land and buildings | 30,000 | Common Stocks (20,000 shares outstanding) |
Machines and equipment's | 25,000 | Retained earnings |
T. Fixed Assets | 55,000 | T. owners' equity |
T. Assets
81,000 T. Liabilities and equities
2019
22,000 13,000
9,000 900 8,100 4057695
AED 6,000 4,000 10,000 20, 000 30,000 20,000
31,000 51,000 81,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started