Net revenue
(Not rated)
(Not rated)
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.
12 years ago
Net revenue
NOT RATED
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- net_revenue.xlsx