What Is the Appropriate Account to Debit When Reducing Net

question 53

Multiple Choice

What is the appropriate account to debit when reducing net patient service revenue as a result of arrangements with third party payors?

• A) Contractual Adjustments.
• B) Allowance for uncollectible and reduced accounts.
• C) Patient Service Revenues.
• D) Account Receivable-Patients.
• E) Accounts Receivable-Third Party.

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Definitions:

Economic Aid

Financial assistance provided by one country or international organization to another to support its economic development and welfare.

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The Central Intelligence Agency, a United States federal agency responsible for foreign intelligence and national security.

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Augusto Pinochet, a Chilean general who led a coup d'état in 1973 and served as dictator of Chile until 1990, known for human rights abuses.

Archibald Cox

An American lawyer and law professor who served as the United States Solicitor General under President Kennedy and as the special prosecutor during the Watergate Scandal.