A not-for-profit medical center performs services in the current year at a charge of $1 million. Of

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A not-for-profit medical center performs services in the current year at a charge of $1 million. Of this amount, $200,000 is viewed as charity services because no collection was expected at the time of the work. The direct costs of that work were $80,000 and the indirect costs were $50,000. What amount has to be disclosed?

a. $50,000.

b. $80,000.

c. $130,000.

d. $200,000.

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Advanced Accounting

ISBN: 978-0077862220

12th edition

Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik

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