A private, not-for-profit hospital reported the following information: - Charity Care, $20,000 of charity care services performed

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A private, not-for-profit hospital reported the following information:

- Charity Care, $20,000 of charity care services performed

- Investments, donated with a fair market value of $100,000 and an original cost of $75,000

- Plant Assets, donated with a fair market value of $50,000 and an original cost of $100,000

What amount should the hospital report as total assets on the balance sheet?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: Feb 09, 2021 04:31 PM

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A private, not-for-profit hospital reported the following information: - Charity Care, $20,000 of charity care services performed

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The Amount of Total Asset will be Charity ... View the full answer

Intermediate Accounting

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