Which of the Following Is Not Correct with Respect to Reporting

question 1

Multiple Choice

Which of the following is not correct with respect to reporting of patient service revenue for health care organizations?

• A) Patient service revenue must be reported net of estimated adjustments for contractual adjustments.
• B) Patient service revenue does not include amounts representing charity care.
• C) Changes to estimates of contractual adjustments related to prior periods must be reported as a prior period adjustment if material.
• D) Unrestricted bequests and investment income for current unrestricted purposes may be reported as either operating or nonoperating revenue, depending on the policy of the entity.