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Leno4ka [110]
2 years ago
6

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found tha

t the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported
Business
1 answer:
cupoosta [38]2 years ago
8 0

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

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malfutka [58]
Your name of course, where you went to school, info on what your goals are that you want to obtain, work history, and what your good at.
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3 years ago
The maximum penalty for failure to report that you accepted a gift from a non-federal entity may result in
Rasek [7]

The term "gift" is broadly defined and includes any gratuity, favor, discount, entertainment, hospitality, loan, forbearance, or other item having monetary value. It includes services as well as gifts of training, transportation, local travel, and lodgings and meals, whether provided in-kind, by purchase of a ticket, payment in advance, or reimbursement. 

For failure to report the acceptance of a gift from a non-federal entity may result in punishment under the UCMJ - the Uniform Code of Military Justice.

7 0
4 years ago
On March 15, 2015, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from R. Roy
ira [324]

Answer:

The Journal entry with their narrations is shown below:-

Explanation:

The Journal entry is shown below:-

Cash Dr,                                     $1,200  

Notes Receivable Dr,                $2,800  

To Accounts Receivable -R. Roy            $4,000

(Being office supply of Vikram is recorded)

Therefore for recording the office supply we simply debited cash and notes receivable and credited the accounts receivable

5 0
4 years ago
Which type of visual aid would you use to show changes over time?
son4ous [18]
A plot in Cartesian axes.
This kind of graph has two exes: x (horizontal) and y (vertical). X represents the independent variable, in this case: time. Y represents the dependent variable, which is the one that is changing over time. For example, you can make this graph with temperature along the year. You will usually have higher temperatures in summer, which will be represented in the upper part of the graph, and lower temperatures in winter, which will be represented in the bottom part of the graph. January will be on the left and December will be on the right.
6 0
3 years ago
What is the major purpose of a bank reconciliation statement?
lara31 [8.8K]
Purpose of a bank reconciliation statement.
A bank reconciliation statement is used to compare your record to those of your bank to see if there is difference between the two sets of records. The ending balance of your version of cash records is known as the book balance while the bank`s version is known as bank balance. It is common for there to be a difference in the two balances. The results to the differences might be due to overdrawn bank account, bounced checks and overdraft fees. It is important for you to check the difference because there might be substantial variance between the amount you think you have and that the bank thinks you have. In some cases the bank may even elect to close down your account. 
3 0
3 years ago
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