In a minimum of 300 words, respond to the following:
- Select two different types of HCOs and comment on the most positive and most negative effects of using the cash versus accrual accounting method for the business. Additionally, include the effect of the choices on revenue recognition and matching principles.
- Compare and contrast the following items, pointing out their key elements:
- Gross revenue and net revenue
- Patient service revenue and other revenue
- Charity care and bad debt losses on the income sheet
Provide reasons for and evidence in support of your responses.
Comment on the postings of two of your classmates who chose a different business than yours.
Be sure to cite any relevant resources used in framing your responses. Apply APA standards to cite sources.