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Hospital and other health care organizations provide services knowing that they will collected from third-party payers, such as insurance companies, considerably less than their established billing rates. In addition, they provide services to unisured patients aware that they will collect either none or only a small portion of the amounts to be billed. Respond to the following:
1. Assess how these organzations distinguish between charity care, bad debts, and contractual adjustments.2. Determine how each one affects the amount of revenue from patient care that they should report.
various types of accounting changes can affect the financial statements of a business enterprise differently. assume
It was inherited by an individual who did not use the machine in business and was sold on November 22, 2009, for $53,000. Discuss the amount and nature of the gain or loss from disposition of the machine?
Lane included the entire $90,000 in its 2007 income tax return. What amount should Lane report in its 2007 income statement for subscriptions revenue?
the pvc company manufactures a high-quality plastic pipe that goes through three processing stages prior to completion.
partner q is retiring from the qrs partnership. the partnership profitloss ratio is 532. the partner capital balances
ravenna company is a merchandiser that uses the indirect method to prepare the operating activities section of its
Would Aishwarya be allowed to claim a dependency exemption for Jasmine for 2013 if Aishwarya provided more than half of Jasmine's support in 2013.
write a 350- to 700-word article analysis in which you identify situations that might lead to unethical practices and
1. edison stagg and thornton have the following financial information at the close of business on july
the new ceo of radco manufacturing has asked for a variety of information about the operations of the firm from last
Garcia's incremental borrowing rate is 12% and the interest rate implicit in the lease agreement is 10% (this is known to Garcia). Both Graves and Garcia use straight-line depreciation and have December 31 fiscal year-ends. Describe how Graves cal..
Are capital assets taxed the same as other items of income? Be certain to identify items that affect valuation of the asset for accurate calculation of a gain or loss to the asset owner upon disposal, and explain how these items influence, or dete..
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