Balance Sheet

Use the financial statements for Patton-Fuller Community hospital Answer each question by placing an X in the balance sheet , operating statement or neither column . Write a 250-word summary of what you found valuable from this activity

Balance Sheet Operating Statement Neither

How much was spent for nursing services

X

How much is the building worth ? X

How much income did the pharmacy department create last year

X

What is the price of all new equipment purchased

X

What is the number of meals served in the cafeteria p

X

What are the days of accounts receivable

X

Are security services in-house or contracted

X

How much of patient accounts receivable should be collected ? X

How much did the owners pay

X

What is the plan for capital acquisition ? X

How much has been set aside for capital acquisition ? X

When is the bonded debt scheduled to be paid off

X

Is the facility accredited by the Joint Commission

X

Is the facility 's volume increasing or decreasing ? X

Has the organization been profitable over time

X

The objective of this activity is apparently to recognize which specific types of information belong in which documents . This knowledge is valuable in more than one respect . For the accountant who compiles and tabulates this information , for example , obviously it will be important for him to know what data belongs where especially for similar documents . The activity highlights the difference in the documents through the information gleaned from them . This implies that the reason for...