Question

During the year ended December 31, 2010, Anderson Hospital (operated as a private not-for-profit organization) received and incurred the following:
Fair value of donated medicines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 54,000
Fair value of donated services (replaced salaried workers) . . . . . . . . . . . . . . . . . . 38,000
Fair value of additional donated services
(did not replace salaried workers) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,000
Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,000
Regular charges to patients . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 176,000
Charity care . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210,000
Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66,000

How should this hospital report each of these items?



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  • CreatedOctober 04, 2014
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