Which of the Following Is False Regarding Revenues of Health

question 44

Multiple Choice

Which of the following is false regarding revenues of health care organizations?

• A) Patient service revenues are to be reported net of estimated contractual adjustments in the operating statement.
• B) Operating Revenues are often classified as net patient service revenue and other revenue.
• C) Patient service revenue includes charge for charity care.
• D) Revenues are measured on the accrual basis.

Understand the impact of inventory transactions on the accounting equation.

Record transactions related to purchases and sales, utilizing the gross method for sales discounts.

Understand the concepts of asset turnover ratio and the accounting for sales discounts.

Understand and apply the fundamentals of recording transactions in a journal.

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Definitions:

Oxidation Number

A figure that represents the total number of electrons an atom either gains or loses in order to form a chemical bond with another atom.

Oxidation Number

A value that represents the total number of electrons that an atom either gains or loses in order to form a chemical bond with another atom.

Cl

Symbol for Chlorine, a reactive, yellow-green gas at room temperature, belonging to the halogen group in the periodic table, with applications in water purification, disinfectants, and bleach.