book: fundamentals of healthcare finance by louis gapenski 11. 1 page 337 Entrie
ID: 2695988 • Letter: B
Question
book: fundamentals of healthcare finance by louis gapenski
11. 1 page 337
Entries for the warren clinic 2008 income statement are listed below in alphabetical order. Reorder the data in the proper format.
bad debt expense $ 40,000
depreciation expense 90,000
general/ administrative expenses 70,000
interest expense 20,000
interest income 40,000
net income 30,000
other revenue 10,000
patient service revenue 440,000
purchased clicic services 90,000
salaries and benefits 150,000
total revenues 490,000
total expenses 460,000
Explanation / Answer
Patient service revenue = 440,000
Other revenue = 10,000
Interest income = 40,000
Total revenues = 490,000
Purchased clinic services = 90,000
Salaries and benefits = 150,000
Depreciation expense = 90,000
General/administrative expense = 70,000
Bad bet expense = $40,000
Interest expense = 20,000
Total expenses = 460,000
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