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Nonprofit hospitals and universities often reduce their basic revenue charges to patients and students, respectively. How are these reductions reflected in the revenue accounting for

Nonprofit hospitals and universities often reduce their basic revenue charges to patients and students, respectively. How are these reductions reflected in the revenue accounting for the two types of nonprofit organizations?  Explain. How are expenses classified in the statement of activities of a nonprofit organization that receives significant support from the public?  Explain. 


 

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