(HOSPITAL) iServe Hospital, a not for profit hospital affiliated with a religious group, reported the following information for the year ended December 31, 2020: Gross patient service rendered Bad debts expense Contractual adjustments with third party payors Charity care Allowance for discounts to hospital employees 600,000 12,500 50,000 37,500 22,500 The net patient service revenue for iServe hospital for the year ended 2020 is: a. P562,500 b. P527,500 c. P490,000 d. 477,500

(HOSPITAL) iServe Hospital, a not for profit hospital affiliated with a religious group, reported the following information for the year ended December 31, 2020: Gross patient service rendered Bad debts expense Contractual adjustments with third party payors Charity care Allowance for discounts to hospital employees 600,000 12,500 50,000 37,500 22,500 The net patient service revenue for iServe hospital for the year ended 2020 is: a. P562,500 b. P527,500 c. P490,000 d. 477,500

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter12: Liabilities: Off-balance-sheet Financing, Retirement Benefits, And Income Taxes

Section: Chapter Questions

Problem 22E

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