Which of the Following Is (Are) Considered an Authoritative Source

question 55

Multiple Choice

Which of the following is (are) considered an authoritative source of GAAP for nongovernmental not-for-profit health care entities?

• A) The AICPA Audit and Accounting Guide Health Care Entities.
• B) The Healthcare Financial Management Associations' Financial Accounting and Reporting Manual.
• C) The FASB Accounting Standards Codification (ASC).
• D) All of the options given are considered GAAP according to the GAAP hierarchy.

---

Definitions:

Defense Mechanism

Psychological strategies employed by individuals to cope with reality and to maintain self-image by unconsciously denying or distorting reality.

Aggressive Behaviors

Actions or conducts that are assertive, forceful, or hostile, often intended to dominate or control.

Social Discounting Bias

The tendency to undervalue the future well-being or outcomes of others compared to one's own immediate needs or desires.

Defense Mechanism

Psychological strategies employed by individuals to cope with reality and to maintain self-image.