Business, 21.04.2020 16:50 djnkyworld

Good Faith Hospital, operated by a religious organization, billed patients $4,000,000 for services rendered during the year ended June 30, 20X9. The hospital realized cash of $3,500,000 from the patient billings because of the following reductions: (1) contractual adjustments of $140,000 granted to private insurance companies and to the federal government; and (2) uncollectible accounts receivable of $360,000. On the statement of operations prepared for the year ended June 30, 20X9, Good Faith Hospital should report net patient service revenue of ?

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Good Faith Hospital, operated by a religious organization, billed patients $4,000,000 for services r...