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Problem 6 Rosewood Hospital received interest payments of $32,940 during 20X8. Its balance sheets reported accrued interest receivable as follows: 12/31/20X7 12/31/20X8 $15,980 $18,730
Problem 6 Rosewood Hospital received interest payments of $32,940 during 20X8. Its balance sheets reported accrued interest receivable as follows: 12/31/20X7 12/31/20X8 $15,980 $18,730 Required: What amount should be reported as interest income in the hospitals 20X8 Statement of Operations? Please show your work below. Answer:
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappetta
22nd edition
9781259566905, 978-0-07-76328, 77862279, 1259566900, 0-07-763289-3, 978-0077862275
