Alice Makes a Cash Gift Which Has No Strings Attached

question 54

Multiple Choice

Alice makes a cash gift which has no strings attached to a not-for-profit hospital. It is recorded as:

• A)Patient Service Revenue.
• B)Other Operating Revenue--Unrestricted Contribution.
• C)Nonoperating Revenue--Unrestricted Contribution.
• D)an increase in the fund balance of the General Fund.

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Definitions:

Doggerel

A comic verse of irregular measure, often characterized by crudeness, triviality, or poor quality.

Utility Function

A mathematical model in economics that represents a consumer's preference ordering over a set of goods or services.

Utility Function

A mathematical representation of how consumers rank different bundles or combinations of goods and services according to the level of satisfaction or utility those combinations provide.

Paasche Price Index

An economic measure that calculates the change in the cost of acquiring a given basket of goods and services in the current period compared to a base period, using the current period quantities as weights.