Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   How do you prepare a statement of operations (https://www.askmehelpdesk.com/showthread.php?t=544733)

  • Jan 16, 2011, 06:03 PM
    ttaik
    How do you prepare a statement of operations
    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
  • Jan 18, 2011, 07:09 PM
    Just Looking

    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.

  • All times are GMT -7. The time now is 01:44 PM.