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Integrated Physicians & Associates, an investor-owned company, had the following account balances at the end of 2021: Gross patient service revenue $975,000 (total charges)
Integrated Physicians & Associates, an investor-owned company, had the following account balances at the end of 2021: Gross patient service revenue $975,000 (total charges) Contractual discounts and allowances to third-party $250,000 payers Charges for charity (indigent) $100,000 care Estimated bad debts (implicit $50,000 price concessions) What would be the patient service revenue amount that would be shown on Integrated Physicians & Associates' income statement for the year ended December 31, 2021? O725,000 625,000 O 575,000 O None of the above
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