Question
PART B ( Examine the data from Putman Medical Center) Givens (in '000s): Insurance expense $70,000 Cash $23,000 Patient revenues (net of contractuals) $614,000 Net
PART B (Examine the data from Putman Medical Center)
Givens (in '000s): | |
Insurance expense | $70,000 |
Cash | $23,000 |
Patient revenues (net of contractuals) | $614,000 |
Net accounts receivable | $25,000 |
Ending balance, temporarily restricted net assets | $8,700 |
Wages payable | $9,100 |
Prepaid expense | $1,100 |
Long-term debt | $191,700 |
Supply expense | $66,000 |
Gross plant, property, and equipment | $556,000 |
Net assets released from temporary restriction | $8,000 |
Depreciation expense | $10,000 |
General expense | $95,000 |
Transfer to parent corporation | ($8,000) |
Beginning balance, unrestricted net assets | $203,400 |
Accounts payable | $21,000 |
Beginning balance, temporarily restricted net assets | $16,700 |
Provision for bad debt expense | $5,400 |
Labor expense | $145,000 |
Accumulated depreciation | $99,000 |
Long-term investments | $150,400 |
Ending balance, unrestricted net assets | $426,000 |
Louis Medical Center | |
Statement of Operations (in '000s) | |
For the Year Ended September 30, 2016 | |
9/30/2016 | |
Unrestricted revenues | |
Patient revenues (net of contractuals) | |
Provision for bad debt expense | |
Net patient revenues | |
Net assets released from temporary restriction | |
Total revenues | |
Operating expenses: | |
Labor expense | |
General expense | |
Supply expense | |
Depreciation expense | |
Interest expense | |
Total operating expenses | |
Excess of revenues over expenses | |
Transfer to parent corporation | |
Increase in unrestricted net assets | $0 |
Louis Medical Center | |
Statement of Changes in Net Assets (in '000s) | |
For the Year Ended September 30, 2016 | |
9/30/2016 | |
Unrestricted net assets | |
Excess of revenues over expenses | |
Unrestricted contributions | 0 |
Transfer to parent corporation | |
Change in unrestricted net assets | 0 |
Temporarily restricted net assets | |
Net assets released from temporary restriction | |
Change in temporarily restricted net assets | 0 |
Permanently restricted net assets | |
0 | |
Change in permanently restricted net assets | 0 |
Increase in net assets | 0 |
Beginning balance, net assets | |
Ending balance, total net assets | $0 |
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