Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

Exercise 4

The following questions concern the appropriate accounting for a private not-for-profit health care entity.Write complete answers for each question.
a.What is a third-party payor, and how have third-party payors affected the development of accounting principles for health care entities
b.What is a contractual adjustment, and how does a health care entity record this figure
c.How does a not-for-profit health care entity account for donated materials and services