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Public Community Hospital is supported by contributions from the community and the fees that it collects from patients for the services it renders. It was formed for the purpose of providing hospital facilities to the community at the lowest possible price and it routinely accepts patients who cannot pay for the services that it renders. The hospital has only 50 beds, so it limits the number of physicians that can admit and treat patients at the hospital. Is the Hospital entitled to tax exempt status?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948661

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