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Hospital and other health care organizations provide services knowing that they will collected from third-party payers, such as insurance companies, considerably less than their established billing rates. In addition, they provide services to unisured patients aware that they will collect either none or only a small portion of the amounts to be billed. Respond to the following:
1. Assess how these organzations distinguish between charity care, bad debts, and contractual adjustments.2. Determine how each one affects the amount of revenue from patient care that they should report.
a company has outstanding 100 mill par value bonds that pay an annual coupon of interest of 10.5 . par value of each
Assuming a 30% tax rate, what amount was deducted for depreciation on the corporation's tax return for the current year?
Micron owns 3,000 shares of JVT. JVT has 25,000 total shares of stock outstanding. JVT paid $3 per share in cash dividends to its stockholders. Micron should record a:
Both Mr. Jones and Mrs. Green earned $50,000 gross in 2009. Yet, Mr. Jones owed IRS $600 on his tax return while the IRS owed Mrs. Green $600 on her tax return.
candler inc a computer software development firm has stock outstanding as follows 40000 shares of 2 nonparticipating
hodge corporation issued 100000 shares of 20 par value cumulative 6 preferred stock on jan 1 2013 for 2300000. in
in 2012 smith a divorced person provided over one-half the support for his widowed mother ruth and his son clay both of
The equipment's fair market value is estimated at $180,000 by an outside appraisal. On the date of the exchange, the stock was being actively traded at $17 per share on a major stock exchange. Prepare the necessary journal entry to properly record..
Multiple Choice Questions (Enter your answers on the enclosed answer sheet) Anytime an owner removes any asset for personal use it is recorded as:
direct material budget inglenook co. produces wine. the acgexpects to produce 2500000 two-liter bottles of chablis in
Describe accounts receivable and how they occur and are recorded
select and analyze an exposure draft or current standard open for comment with the iasb. as part of your analysis
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