Question
A private not-for-profit health care entity has the following account balances: Revenue from newsstand $ 50,000 Amounts charged to patients 800,000 Interest income 30,000 Salary
A private not-for-profit health care entity has the following account balances:
| Revenue from newsstand | $ | 50,000 |
| Amounts charged to patients | 800,000 | |
| Interest income | 30,000 | |
| Salary expensenurses | 100,000 | |
| Provision for bad debts | 10,000 | |
| Undesignated gifts | 80,000 | |
| Contractual adjustments | 110,000 | |
What is reported as the organizations net patient service revenue?
Multiple Choice
-
$800,000
-
$880,000
-
$680,000
-
$690,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Profit First For Dentists Proven Cash Flow Strategies For Financial Freedom
Authors: Barbara Stackhouse, Drew Hinrichs, Mike Michalowicz
1st Edition
1735907804, 978-1735907802
