Homework 11 - HSM (1).docx - Chapter 11 HSM 11.1 Entries for the Warren Clinic 2012 income statement are listed below in alphabetical order Reorder the

Homework 11 - HSM (1).docx - Chapter 11 HSM 11.1 Entries...

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Chapter 11 HSM 11.1 Entries for the Warren Clinic 2012 income statement are listed below in alphabetical order. Reorder the data to reflect income statement 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 clinic services 90,000 Salaries and benefits 150,000 Income Statement Warren Clinic 2012 2012 Revenues Patient service revenue $440,000 Interest income $40,000 Other revenues $10,000 Total Revenue $490,000 Expenses Interest expense $20,000 Bad debt expense $40,000 Purchased clinic services $90,000 Salaries and benefits $150,000 Depreciation expense $90,000 General/administrative expenses $70,000 Total Expenses $460,000 Net Income $30,000
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11.2 Consider the following income statement: BestCare HMO Statement of Operations Year Ended June 30, 2012 (In thousands) Revenue: Premiums earned $26,682 Coinsurance 1,689 Interest and other income 242 Total revenues $28,613 Expenses: Salaries and benefits $ 15,154 Medical supplies and drugs 7,507 Insurance 3,963 Provision for bad debts 19 Depreciation 367 Interest 385 Total expenses $27,395 Net income $ 1,218 a. How does this income statement differ from the one presented in Table 11.1?
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