Which if the following is not an inclusion in gross income? a. Payment for lost salaries b. Payment for loss of earning capacity c. Recovery of bad debts previously written off d. Moral damages

Explain the following accounting terms in relation to healthcare providers:a. What is the difference between Gross Revenue and Net Revenue? (Hint: Think about discounts and charity care)b. What is the difference between Charity Care and Bad Debt Losses? How is each handled on the income statement?

Desceibe income statement approach for estimating bad debts.

Bad debt expense is normally reported on the income statement as a(n) a. Operating expense b. Offset agaisnt gross c. Financial expense in the order items section d. Contra-revenue amount

Identify whether the account is an ASSET, LIABILITY, EQUITY, REVENUE or EXPENSE. 1. Unremitted sales tax 2. Benefits 3. Unremitted pension payments 4. Bank charges

What is the theoretical justification of the allowancemethod as contrasted with the direct write-off methodof accounting for bad debts?

Which method of recording bad debt loss is consistent with accrual accounting?   A. Allowance method B. direct write off method C. Percent of sales method D. Percent of accounts receivable method

Describe the allowance method used to estimate bad debts and the theoretical justification forits use.

Research in detail regarding the following topics   1. Adoption Tax Credit   2. Non Business Casualty and Theft Losses