Question
The NYU hospital has an arrangement with Queens College to provide hospital care to the QCs members at a specific rate per member, per month.
The NYU hospital has an arrangement with Queens College to provide hospital care to the QCs members at a specific rate per member, per month. In April the QC paid the hospital $500,000 per agreement for patients treated in March.
Based on pre-established billing rates, the hospital would have billed the QC $600,000. How much revenue should NYU recognized?
| $0 | ||
| $500,000 | ||
| $600,000 |
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College Accounting, Chapters 1- 15
Authors: James A. Heintz, Robert W. Parry
23rd Edition
0357391942, 9780357391945
