The "Equity" Section (Assets Minus Liabilities) of a Health Care

question 51

True/False

The "equity" section (assets minus liabilities) of a health care entity's balance sheet or statement of net position will indicate whether the health care organization is for-profit, not-for-profit, or governmental.

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Definitions:

Prior Probability

The probability of an event or outcome before new data is taken into account, used in Bayesian analysis.

Event

A happening or occurrence, often significant in the context it is mentioned.

Posterior Probability

The probability of the parameters of a model or hypothesis being true, given the observed data.

Event

A specific outcome or type of outcome that can occur in a situation or experiment.