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Review the accounting methods used by Dr. Lopez as illustrated
in Table 15–1 in this chapter. Contrast the profitability that Dr.
Lopez faces by using the cash basis of accounting with the
profitability he faces by using the accrual basis of accounting
for the month of July. What if Dr. Lopez did not accept third-
party insurance and required all patients to pay at the time of
service? Would there be any difference between the cash basis
and accrual basis of accounting? Why or why not?
Your response should be 200-250 words. You will need to cite
two reputable sources.

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Review the accounting methods used by Dr. Lopez as illustrated in Ta.docx

  • 1. Review the accounting methods used by Dr. Lopez as illustrated in Table 15–1 in this chapter. Contrast the profitability that Dr. Lopez faces by using the cash basis of accounting with the profitability he faces by using the accrual basis of accounting for the month of July. What if Dr. Lopez did not accept third- party insurance and required all patients to pay at the time of service? Would there be any difference between the cash basis and accrual basis of accounting? Why or why not? Your response should be 200-250 words. You will need to cite two reputable sources.