Assume mercy hospital miscalculated the amount of charity, Ask an Expert

Finance

Assume Mercy Hospital miscalculated the amount of charity care it provided during the year that ended on December 31, 2012. If Mercy Hospital reported too little charity care in 2012, what would be the most likely effect on the income statement for the year that ended on December 31, 2012?

Net patient service revenue would be overstated.

Net patient service revenue would be understated.

Provision for bad debts would be overstated.

Provision for bad debts would be understated.

Net income would be understated.

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Financial Management, Finance

Category:- Financial Management
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