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Good Faith Hospital,operated by a religious organization,billed patients $4,000,000 for services rendered during the year ended June 30,20X9.The hospital realized cash of $3,500,000 from the patient billings because of the following reductions:
(1) contractual adjustments of $140,000 granted to private insurance companies and to the federal government;and
(2) uncollectible accounts receivable of $360,000.
On the statement of operations prepared for the year ended June 30,20X9,Good Faith Hospital should report net patient service revenue of:
Leaves Called Needles
Thin, cylindrical, and often evergreen leaves found in some coniferous plants.
Conifers
Conifers are a group of cone-bearing seed plants, predominantly evergreen, that include pines, spruces, and firs, known for their adaptability to various climates and their importance in ecosystems and timber industry.
Leathery
Describing a texture that is tough and flexible, similar to that of well-tanned leather, often referring to plant leaves or animal skin.
Vascular Tissue
Specialized tissue in plants that conducts water and nutrients throughout the plant body; includes xylem and phloem.
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