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Calculate the amount the hospital would report

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Question - Jordan an auditor, is performing a routine review of a not-for-profit hospital and noted the following account balances in the statement of operations for the fiscal year ending Sept. 30, 2011:

Gross patient service revenue from all $ 4,450,000 services at the hospital's established billing rate

Bad debt expense $ 90,000

Contractual adjustments $ 420,000

Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending Sept. 30, 2011.

Reference no: EM132001272

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