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Jordan an auditor, is performing a routine review of a not-for-profit hospital and noted the following account balances in the statement of operations for the fiscal year ending

Sept. 30, 2011:

Gross patient service revenue from all $ 4,450,000 services at the hospital's established

billing rate

Bad debt expense $ 90,000

Contractual adjustments $ 420,000

Calculate the amount the hospital would report as net patient service revenue in its statement of operations for the fiscal year ending Sept. 30, 2011.

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Microeconomics, Economics

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