If a Government Hospital Gets Unrestricted Donations That Are Not

question 13

Multiple Choice

If a government hospital gets unrestricted donations that are not a part of a hospital's major ongoing operations, those donations are classified on the statement of revenues, expenses, and changes in net position as

• A) An operating revenue.
• B) An operating gain.
• C) An other financing source.
• D) A nonoperating gain.

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Definitions:

Per Annum

Annually; indicating an amount or a statistical value per year.

Equivalent

Identical in worth, quantity, role, significance, and so forth.

Term Deposits

Fixed amount of money held at a financial institution for a fixed term, earning a guaranteed interest rate.

Simple Interest

Simple interest is a method of calculating the interest charge on a loan based on the original principal amount and the interest rate, without compounding.