During the month of December,Godiva Hospital billed patients $55,000,billed 3^rd parties $65,000,and provided $10,000 of charity care. How much should Godiva report as Accounts Receivable?

Question

Quizplus · Accepted Answer

Accounts Receivable refers to the amount of money owed to a company from its customers. In this case, Godiva Hospital billed patients $55,000 and billed third-party payors $65,000, making a total of $120,000 in billings. Since charity care is not an amount that is owed to Godiva Hospital, it should not be included in the Accounts Receivable calculation. Therefore, the answer is $120,000.

During the Month of December,Godiva Hospital Billed Patients $55,000,billed 3rd

During the Month of December,Godiva Hospital Billed Patients $55,000,billed 3^rd