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Unformatted text preview: 70,000 E19-3 (continued) b. Sycamore Hospital Statement of Operations For the Year Ended December 31, 20X6 Revenues, gains, and other support: Net patient services revenue $5,980,000 Contributions 155,000 Net assets released from program use restriction 180,000 Total revenues, gains, and other support $6,315,000 Expenses and losses: Nursing services $2,070,000 Other professional services 1,250,000 Fiscal services 225,000 General services 1,510,000 Bad debts 125,000 Administration 260,000 Depreciation 500,000 Total operating expenses 5,940,000 Operating income $ 375,000 Other income-0-Excess of revenues over expenses $ 375,000 Unrealized gains designated in excess of amounts for current operations 70,000 Net assets released from restrictions used for purchase of equipment 200,000 Increase in unrestricted net assets $ 645,000...
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- Spring '08
- Revenue, Generally Accepted Accounting Principles, net assets, Expense Depreciation Expense, Cash Net Assets, services fiscal services, Net Assets Released