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Hospitals Document Reserves as That Portion of the Accounts Receivables

Question 39

Multiple Choice

Hospitals document reserves as that portion of the accounts receivables that they hope to collect but have some doubt about its collectability. Rather than book these amounts as income, hospitals will "____________" These amounts until paid.


A) Bad debts
B) Reserve
C) Income expense
D) All (Allowance for loans and lease losses)

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