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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c Charity care is not recorded by a notforprofit health care ent...View the full answer
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Related Book For
Advanced Accounting
ISBN: 978-0077862220
12th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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