A Private,not-For-Profit Hospital Uses a Fund Structure Which Includes a General

question 39

Multiple Choice

A private,not-for-profit hospital uses a fund structure which includes a general fund and donor restricted funds.Contributions received from donors for research to be conducted by the hospital should be accounted for in the:

• A) specific purpose fund.
• B) time-restricted fund.
• C) general fund.
• D) restricted current fund.

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