Identify the correct option out of the given statements.
Answer to Problem 24P
Option c. The amount of Patient service revenues is $600,000; net patient service revenue is $300,000 in the given case.
Explanation of Solution
Net patient service revenue is the value that is remained after charging provision for
Particular | Amount |
Patient service revenue | $ 600,000 |
Less: | |
Bad debts | $ (100,000) |
Contractual adjustments | $ (200,000) |
Charity care | $ (400,000) |
Net patient service revenue | $ 300,000 |
Table: 1
a.
b.
c.
d.
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Chapter 18 Solutions
Soft Bound Version for Advanced Accounting 13th Edition
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