On the following page, arrange the income statement categories and amounts listed below in their proper...

  

Transcribed Image Text:

On the following page, arrange the income statement categories and amounts listed below in their proper order, and then solve for Net Income: Profit or Loss. Net patient service revenue Depreciation Total expenses Patient services revenue Salaries and benefits Less: Provision for bad debts Lease expenses Insurance expense Total non-operating income Net operating revenue Contributions Investment income Supplies Interest expense Premium revenue Other revenue Operating income $494,000 72,000 464,000 525,000 245,000 31,000 21,000 25,000 7,000 514,000 3,000 4,000 75,000 26,000 10,000 10,000 50,000 Operating Revenues; 1._ 2. Less: 4. 5. Expenses: 7. 8. 9. 10. 11. 12. 3. 15. Operating Income 16. 6. Net operating revenue Non-operating Income: 13. Total expenses INCOME STATEMENT 17. Total non-operating income Net Income: Profit or (Loss) HSCA 3600 ASSIGNMENT 1 Arrange the following Balance Sheet categories in their proper order in the spaces below: Plant, Property, & Equipment Current Liabilities Assets Long Term Debt Current Assets If Total Assets = $500,000 And Current Liabilities - 25,000 = BALANCE SHEET And Long Term Debt = $125,000 How much would Equity equal? Equity Total Liabilities & Equity Long Term Investments Total Assets Liabilities. On the following page, arrange the income statement categories and amounts listed below in their proper order, and then solve for Net Income: Profit or Loss. Net patient service revenue Depreciation Total expenses Patient services revenue Salaries and benefits Less: Provision for bad debts Lease expenses Insurance expense Total non-operating income Net operating revenue Contributions Investment income Supplies Interest expense Premium revenue Other revenue Operating income $494,000 72,000 464,000 525,000 245,000 31,000 21,000 25,000 7,000 514,000 3,000 4,000 75,000 26,000 10,000 10,000 50,000 Operating Revenues; 1._ 2. Less: 4. 5. Expenses: 7. 8. 9. 10. 11. 12. 3. 15. Operating Income 16. 6. Net operating revenue Non-operating Income: 13. Total expenses INCOME STATEMENT 17. Total non-operating income Net Income: Profit or (Loss) HSCA 3600 ASSIGNMENT 1 Arrange the following Balance Sheet categories in their proper order in the spaces below: Plant, Property, & Equipment Current Liabilities Assets Long Term Debt Current Assets If Total Assets = $500,000 And Current Liabilities - 25,000 = BALANCE SHEET And Long Term Debt = $125,000 How much would Equity equal? Equity Total Liabilities & Equity Long Term Investments Total Assets Liabilities.

Answer rating: 100% (QA)

INCOME STATEMENT Operating Revenue 1 Patient Service Revenue 525000 2 Less Provision for ... View the full answer