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Calculate the amount the hospital would report as patient

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Reference no: EM13519970

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.

Reference no: EM13519970

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