Question
a county hospital's patient charges for the year were $3,000,000. of this amount, 25% is deemed to be uncollectible, 5% was considered to be charity
a county hospital's patient charges for the year were $3,000,000. of this amount, 25% is deemed to be uncollectible, 5% was considered to be charity services after the services were provided, and 10% will be reduced by contractual adjustments with third part providers. how much will be reported as expense in the external financial statements
a. 0$
b. 300,000$
c. 750,000$
d. 1,200,000$
a nongovernment not-for-profit hospital presents the following categories on its statements of cash flows, except:
a. cash flow from operating activity
b. cash flow from investing activity
c. cash flow from noncapital financing activities
d. cash flow from financing activity
which of the following are reported for government hospitals but not for nongovernment, not-got-profit hospitals?
a. capital leases
b. deferred inflows
c. net patient service revenues
d. premium fees
Dublin state hospital would have earned $3,000,000 of patient service revenue under its established rate structure for the year. however, it does not expect to collect this amount due to charity allowances of 75,000$, discounts to third-party payers of $200,000, and an estimated uncollectible amount of $50,000. for the year how much should Dublin state hospital report as patient service revenue?
a. $3,000,000
b. $2,800,000
c. $2,750,000
d. $2,675,000
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