HOW DOES THIS INCOME STATEMENT DIFFER FROM THE ONES PRESENTED IN EXHIBIT

Consider the following financial statements for Green Valley by Supreme Savings” id=”_GPLITA_0″ href=”http://www.Transtutors.com/homework-help/questions-and-answers/consider-following-financial-statements-green-valley-nursing-home–profit-long-term-care-f-q2587793″ name=”_GPLITA_0″>Nursing Home, Inc. a for profit long-term care facility:
Green Valley Nursing Home Inc.
Statement of Income and Retained Earnings
Year Ended December 31, 2011
Revenue:
Net patient service revenue $3,163,258
Other revenue 106,146
Expenses:
Salaries and benefits $1,515,438
Medical supplies and drugs 966,781
Insurance and other 296,357
Provision forbad debts 110,000
Depreciation 85,000
Interest 206,780
Total expenses $3,180,356
Operating Income $89,048
Provision for income tax 31,167
Net Income $57,881

a) HOW DOES THIS INCOME STATEMENT DIFFER FROM THE ONES PRESENTED IN EXHIBIT 3.1? AND 3.2?

B) WHY DOES GREEN VALLEY SHOW A PROVISION FOR INCOME TAXES WHILE THE OTHER TWO INCOME STATEMENT DID NOT?

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C) WHAT IS GREEN VALLEYS TOTAL MARGIN? HOW DOES THSI VALUE COMPARE WITHE THE VALUES FOR SUNNYVALE CLINIC AND BESTCARE?

 
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