Problem

A private not-for-profit health care organization has the following account balances:...

A private not-for-profit health care organization has the following account balances:

Revenue from newsstand

$50,000

Amounts charged to patients

800,000

Interest income

30,000

Salary expense—nurses

100,000

Undesignated gifts

80,000

Contractual adjustments

110,000

What is reported as the organization's net patient service revenue?

a. $880,000.

b. $800,000.

c. $690,000

d. $680,000

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