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Healing Angel Hospital, operated by a religious organization, billed patients $13,000,000 for services rendered during the year ended June 30, 20X3. The hospital realized cash
Healing Angel Hospital, operated by a religious organization, billed patients $13,000,000 for services rendered during the year ended June 30, 20X3. The hospital realized cash of $10,700,000 from the patient billings because of the following reductions: (1) contractual adjustments of $1,400,000 granted to private insurance companies and to the federal government; and (2) uncollectible accounts receivable of $900,000 On the statement of operations prepared for the year ended June 30, 20X3, Healing Angel Hospital should report net patient service revenue of o $13,000,000. 3$12,100.000. ? ? $11,600,000 O $10700,000
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