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What amount be reported as net patients service revenue

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Problem 1: A Not-for-Profit community hospital provides its patients with services that would normally be charged at P2 million. However, a P200,000 reduction is estimated because of contractual adjustments. Another P100,000 reduction is expected because of bad debts. Finally, P300,000 will not be collected because the amounts are deemed to be charity care. What amount should be reported as Net Patients Service Revenue?

Reference no: EM132809147

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