For-Profit Health Care Facilities Can Raise Money By

question 21

Multiple Choice

For-profit health care facilities can raise money by:

• A) Raising taxes on area residents.
• B) Hiring more support staff.
• C) Issuing and selling shares of stock.
• D) Expanding the size of their offices.

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Definitions:

Revenue Journal

An accounting ledger where revenue transactions are first recorded.

Posting References

Notations that make the connection between journal entries and the ledgers to which they are posted.

Purchases Journal

A special accounting journal used to record all purchases of merchandise, supplies, or other items on credit.

Cash Payments Journal

A bookkeeping ledger in which cash payments are recorded, showing outflows of cash.