- This topic has 4 replies, 3 voices, and was last updated 6 years, 6 months ago by .
-
Topic
-
This same MCQ appears in both Becker and Ninja yet each have a different answer. Which is right? Becker says B and Ninja says A. I feel like this happens often.
Hospital, Inc., a not-for-profit entity with no governmental affiliation, reported the following in its accounts for the current year ended December 31:
Gross patient service revenue from all services provided
at the established billing rates of the hospital (note
that this figure includes charity care of $25,000) $775,000
Provision for bad debts 15,000
Difference between established billing rates and fees
negotiated with third-party payers (contractual adjustments) 70,000What amount would the hospital report as net patient service revenue in its statement of operations for the current year ended December 31?
A.$665,000
B.$680,000
C.$705,000
D.$735,000
BEC - 78
AUD - 75
REG - 64, 77
FAR - 73, 73, 73, 82
Ethics: 74, 84, 98
Finally done after 23 months.
- You must be logged in to reply to this topic.