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The current rates of General Hospital provide that revenues should have been $5 million for the current year; however, only $3.8 million was actually collected
The current rates of General Hospital provide that revenues should have been $5 million for the current year; however, only $3.8 million was actually collected due to allowances for charity care of $700,000 and discounts of $500,000 to third-party payers. What amount should General Hospital report as net health care services revenues in the statement of operations for the current year?
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