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A private hospital purchased medicines from a pharmaceutial conpany at a cost of $5000.The pharmaceutial...

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Accounting

A private hospital purchased medicines from a pharmaceutial conpany at a cost of $5000.The pharmaceutial conpany subsequently tells the hospital it is cancelling the invoice and donating the medicines to the hospital.How should the hospital record this donation of medicines?

A.A credit to operating expenses of 5000

B.A credit to other revenue or gains of 5000

C.A memorandum entry only

D.A credit to nonoperating gains and losses of 5000

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