Question: 80. Wilson Hospital, a nonprofit hospital affiliated with Wilson College, had the following cash receipts for the year ended December 31, 2012: Collections of health
80. Wilson Hospital, a nonprofit hospital affiliated with Wilson College, had the following cash receipts for the year ended December 31, 2012:
Collections of health care receivables $750,000 Contribution from donor to establish a term endowment 250,000 Tuition from nursing school 50,000 Dividends received from investments in permanent endowment 80,000 The dividends received are restricted by the donor for hospital building improvements. No improvements were made during 2012. On the hospital’s statement of cash flows for the year ended December 31, 2012, what amount of these cash receipts would be included in the amount reported for net cash provided (used) by operating activities?
a. $880,000
b. $800,000
c. $1,050,000
d. $750,000
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