Which of the Following Is Not a Financial Statement Prepared

question 10

Multiple Choice

Which of the following is not a financial statement prepared by nongovernmental not-for-profit health care entities?

• A) Statement of changes in net assets.
• B) Statement of revenues, expenses, and changes in net assets.
• C) Balance sheet.
• D) Statement of cash flows.

---

Definitions:

Planning

The process of creating and maintaining a plan, which involves setting objectives, determining strategies to achieve those objectives, and organizing resources.

Controlling

In management, refers to the process of monitoring performance, comparing it with goals, and taking corrective action as needed.