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Net Community Benefit Expense

A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Medicaid patients were $20 million. The net community benefit expense that would be reported in Schedule H of IRS Form 990 would be?

A. $10 million

B. $7 million

C. $3 million

D. None of the Above

Solution Preview

The answer is $3 million as the benefits received by the hospital would be ...

Solution Summary

Multiple choice question related to net community benefit expense.

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