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Calculate the amount the hospital would report as net patient service revenue in its statement

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Question

Jordan an auditor, is performing a routine review of a not-for-profit hospital and noted the following account balances in the statement of operations for the fiscal year ending;Sept. 30, 2011;Gross patient service revenue from all $ 4,450,000;services at the hospital's established;billing rate;Bad debt expense $ 90,000;Contractual adjustments $ 420,000;Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending Sept. 30, 2011.

 

Paper#20764 | Written in 18-Jul-2015

Price : $32
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