Net revenue
johnson7 (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.
- 9 years ago
Net revenue
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- net_revenue_311.xlsx