(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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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