A hospital reported the following uncollectible amounts: $ 10,000 for services rendered to homeless individuals with no intention of collection.
$ 15,000 for services rendered with the expectation of collection, but proved to be uncollectible.
What amount should be reported in revenues and bad debt expense for these items?
A) Revenues: $ 25,000; Bad Debt Expense: 25,000.
B) Revenues: $ 15,000; Bad Debt Expense: 15,000.
C) Revenues: $ 25,000; Bad Debt Expense: 15,000.
D) Revenues: $ 0; Bad Debt Expense: 0.
Correct Answer:
Verified
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