Which of the Following Is the Proper Way to Report

question 6

Multiple Choice

Which of the following is the proper way to report a contingent asset, receipt of which is virtually certain?

• A)As an asset.
• B)As unearned revenue.
• C)As a disclosure only.
• D)No disclosure or accrual required.

---

Definitions:

Discharge Planning

A process used by healthcare professionals to prepare a patient to leave the hospital or medical facility, ensuring continuity of care and adequate support.

Pneumonia

An inflammatory condition of the lung affecting primarily the small air sacs known as alveoli, typically caused by infectious agents like bacteria, viruses, and fungi.

Productive Cough

A cough that expels mucus or phlegm from the respiratory tract, aiding in clearing the airways.

Chest Pain

A common symptom that can be caused by a wide range of health issues, ranging from not serious to life-threatening, including heart attack or indigestion.