Problem

The following questions concern the appropriate accounting for a private not-for-profit he...

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?

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