Question
Hannah, an auditor, is performing a routine review of a non-profit hospital and noted the following account balances in the statement of operations for the
Hannah, an auditor, is performing a routine review of a non-profit hospital and noted the following account balances in the statement of operations for the fiscal year ended September 30, 2016: Gross patient service revenue from all services at the hospital's established billing rate: $2,225,000 Bad Debt Expense: $45,000 Contractual Adjustments: $210,000 Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending September 30, 2016:
$2,040,000
$2,070,000
$2,115,000
$1,970,000
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