In a minimum of 300
words, respond to the following:
- Select two different types of HCOs and comment on the
most positive and most negative effects of using the cash versus accrual
accounting method for the business. Additionally, include the effect of
the choices on revenue recognition and matching principles.
- Compare and contrast the following items, pointing out
their key elements:
- Gross revenue and net revenue
- Patient service revenue and other revenue
- Charity care and bad debt losses on the income sheet
Provide reasons for and
evidence in support of your responses.
Comment on the postings
of two of your classmates who chose a different business than yours.
Be sure to cite any
relevant resources used in framing your responses. Apply APA standards to cite