2.99 See Answer

Question: Which of the following is not true

Which of the following is not true about the application of new revenue recognition rules to private not-for-profit health care entities?
a. Revenues are likely to be much lower than under previous rules.
b. Bad debts will be recorded as direct reductions to revenue rather than as a separate expense.
c. A portfolio approach can be used rather than having to record on a contract-by-contract basis.
d. Variable consideration can be reported by either the expected amount method or the most likely outcome method.


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