A not-for-profit medical center performs services in the current year at a charge of $1 million. Officials
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A not-for-profit medical center performs services in the current year at a charge of $1 million. Officials expect bad debts to be $94,000. Another $200,000 is viewed as charity services because no collection was expected at the time of the work. What should the medical center report as net patient service revenues?
a. $706,000.
b. $800,000.
c. $906,000.
d. $1,000,000.
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Related Book For
Advanced Accounting
ISBN: 978-0077862220
12th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
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