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    ttaik's Avatar
    ttaik Posts: 1, Reputation: 1
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    #1

    Jan 16, 2011, 06:03 PM
    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
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    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.

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