question archive The following are various types of revenues, gains, and other items that may be received or incurred by a governmental hospital
The following are various types of revenues, gains, and other items that may be received or incurred by a governmental hospital
Subject:AccountingPrice: Bought3
The following are various types of revenues, gains, and other items that may be received or incurred by a governmental hospital. For each item received or incurred, indicate the proper classification for accounting purposes by selecting from the list provided. A selection may be used once, more than once, or not at all.
- Patient service revenue
- Other operating revenue
- Nonoperating gains and losses
- Contra account to patient service revenue
- Expense
- None
From the list above which best fits the statement below:
Items Received or Incurred Classification
1. Operating room charges
2. Unrestricted income on investments in endowments
3. Gain from sale of land owned by the hospital
4. General nursing service charges
5. Room and board charges
6. Cafeteria sales
7. Professional services donated to the hospital by retired physicians
8. Tuition and fees from the hospital's nursing school
9. Contractual Medicare allowances
10. Physical therapy charges
11. Interest on unrestricted investments
12. Nursing salaries
13. Foundation grant received by the hospital for medical research
14. Charity medical services provided
15. Provision for bad debts
