Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PLEASE PROVIDE A CASH FLOW STATEMENT WITH THE INFORMATION GIVEN. Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility

PLEASE PROVIDE A CASH FLOW STATEMENT WITH THE INFORMATION GIVEN.

Putman Medical Center Putman Medical Center is a large Midwestern acute care and ambulatory facility serving an urban city population. 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.

Cash Flow Statement
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Money Markets Handbook A Practitioners Guide

Authors: Moorad Choudhry

1st Edition

0470821507, 978-0470821503

More Books

Students also viewed these Finance questions

Question

Why would an advertiser want to use both television and magazines?

Answered: 1 week ago

Question

Address an envelope properly.

Answered: 1 week ago

Question

Discuss guidelines for ethical business communication.

Answered: 1 week ago