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Goodcare Hospital has $500,000 of accounts receivable at December 31, 2022. It is estimated that 6 percent of these accounts will be uncollectible by reason
Goodcare Hospital has $500,000 of accounts receivable at
December 31, 2022. It is estimated that 6 percent of these accounts
will be uncollectible by reason of charity care, 10 percent will not be
collectible because of contractual adjustments, and 4 percent will
prove to be bad debts.
How much will the Hospital receive?
400,00 | ||
300,000 | ||
100,000 | ||
250,000 |
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