On the statement of operations prepared for a private, not-for-profit hospital, patient service revenue earned during the year is reported net of amounts for which of the following items? 1. Contractual adjustments II. Bad debts expense I and II only Il only Neither I nor ll

On the statement of operations prepared for a private, not-for-profit hospital, patient service revenue earned during the year is reported net of amounts for which of the following items? 1. Contractuailadustments II. Bad debts experse land ill 1only II only