Southtown Community Hospital (SCH) shows the following balances on its trial balance at June 30, 2014, their fiscal year end. SCH is a not-for-profit, nongovernmental hospital. $260,000 cash was spent on equipment from donations restricted for that purpose.
Required:
Prepare a statement of operations for Southtown Community Hospital at June 30, 2014.

Question

Southtown Community Hospital (SCH) shows the following balances on its trial balance at June 30, 2014, their fiscal year end. SCH is a not-for-profit, nongovernmental hospital. $260,000 cash was spent on equipment from donations restricted for that purpose.
  Required:
Prepare a statement of operations for Southtown Community Hospital at June 30, 2014.

Quizplus · Accepted Answer

The Answer of Southtown Community Hospital (SCH) shows the following balances on its trial balance at June 30, 2014, their fiscal year end. SCH is a not-for-profit, nongovernmental hospital. $260,000 cash was spent on equipment from donations restricted for that purpose.
  Required:
Prepare a statement of operations for Southtown Community Hospital at June 30, 2014.

Southtown Community Hospital (SCH) Shows the Following Balances on Its