Question
A private NFP hospital has the following account balances: Revenue from newsstand $50,000 Amounts charged to patients 800,000 Interest income 30,000 Salary expense nurses 10,000
A private NFP hospital has the following account balances:
| Revenue from newsstand | $50,000 |
| Amounts charged to patients | 800,000 |
| Interest income | 30,000 |
| Salary expense nurses | 10,000 |
| Bad debts from patient services | 80,000 |
| Contractual adjustments | 110,000 |
What is the hospital's net patient service revenue, assuming this hospital is not able to assess the patients' ability to pay at the time services are rendered?
Group of answer choices
$610,000
$880,000
$800,000
$302,000
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
978-0077639730
