Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
goji.go goji.go
wrote...
Go to Answer
Posts: 5977
Rep: 293 0
9 years ago
Catlett County Hospital, a governmental hospital, has its financial statement audit done by a local CPA firm.  In 2012, the CPA firm announced that it would no longer charge for the audit.  How is the County Hospital required to report the donated audit in 2013, assuming that it would have been billed $20,000 for the audit and that the cost incurred by the CPA firm is estimated at $11,000?
      a.   Report contribution revenue of $20,000 and audit fees of $11,000
      b.   Report contribution revenue of $0 and audit fees of $0
      c.   Report contribution revenue of $20,000 and audit fees of $20,000
      d.   Report contribution revenue of $11,000 and audit fees of $11,000.
Read 298 times
3 Replies
Diesel
Replies
Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
Top Poster
Posts: 10774
Rep: 1064 3
9 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

goji.go Author
wrote...
#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1240 People Browsing
 122 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 375
  
 375
  
 258
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: How often do you eat-out per week?