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View Full Version : How do you prepare a statement of operations


ttaik
Jan 16, 2011, 06:03 PM
How would you prepare a statement of operations for this:

Administrative expenses $80,000
Net assets released from restricted accounts $120,000
Labor expenses $260,000
Interest expenses $12,000
Net patient service revenue $840,000
Supply expenses $88,000
Transfers to parent corporation $10,000
Bad debt expenses $40,000
Depreciation expenses $50,000

Just Looking
Jan 18, 2011, 07:09 PM
A Statement of Operations is an Income Statement. You show Revenue less Operating expenses (difference is Operating Income), and add or deduct interest income or expense. If you want to show your answer, we can check it for you.