Question

Which of the following is true with respect to hospitals. What amount should be reported in revenues and provision for bad debt for these items? i. Private not-for-profit and for-profit hospitals record depreciation expense, but government-owned hospitals do not ii. Private not-for-profit and for profit hospitals report residual equity within the categories of Net Assets with Donor Restrictions or Net Assets without Donor Restrictions, but government owned hospitals do not C. Private not-for-profit and for groft hospitals may report cash flows from operating activities on the indirect method, but government-owned hospitals may not D. All of the choices are true

Answer 1

Answer:

ii. Private not-for-profit and for profit hospitals report residual equity within the categories of Net Assets with Donor Restrictions or Net Assets without Donor Restrictions, but government owned hospitals do not

Explanation:

Which of the following is true with respect to hospitals. What amount should be reported in revenues and provision for bad debt for these items? i. Private not-for-profit and for-profit hospitals record depreciation expense, but government-owned hospitals do not ii. Private not-for-profit and for profit hospitals report residual equity within the categories of Net Assets with Donor Restrictions or Net Assets without Donor Restrictions, but government owned hospitals do not C. Private not-for-profit and for groft hospitals may report cash flows from operating activities on the indirect method, but government-owned hospitals may not D. All of the choices are true