An Accountant Has Encountered a Perplexing Financial Reporting Issue Related

question 29

Multiple Choice

An accountant has encountered a perplexing financial reporting issue related to the hospital for which she is preparing financial statements. The issue is not specifically addressed by FASB statements. To which of the following sources would the accountant probably look first for industry-specific guidance?

• A) GASB Statements.
• B) AICPA accounting and auditing guide, Not-for-Profit Organizations.
• C) AICPA accounting and auditing guide, Health Care Organizations.
• D) Pronouncements of the HFMA or AHA.

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Definitions:

State-dependent Memory

The phenomenon where information learned in a particular state of consciousness is more easily recalled when in that same state of consciousness.

Drug Influence

The impact that the consumption of drugs can have on an individual's physical and mental health, behavior, and decision-making capabilities.

Implicit Memory

The type of memory involved in performing tasks without conscious awareness of the previously learned processes.

Priming

A technique in psychology used to train people's memory both in positive and negative ways by presenting them with a stimulus and then using it to influence their response to another stimulus.