Which of the Following Could Be Included in the Performance

question 54

Multiple Choice

Which of the following could be included in the performance indicator measure provided by a nongovernmental not-for-profit hospital?

• A) Contribution to an endowment.
• B) Gain on sale of equipment.
• C) Grant restricted for diabetes research.
• D) Interest income that is temporarily restricted.

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Definitions:

Accounting Standards

Rules and guidelines established by authoritative bodies that govern how financial transactions and events are reported in financial statements.

IASB

The International Accounting Standards Board, responsible for developing and issuing International Financial Reporting Standards (IFRS).

Fair Value Measurement

Fair value measurement is the process of estimating the price at which an asset or liability could be exchanged in an orderly transaction between market participants at the measurement date.

Valuation Techniques

Methods applied to estimate the fair value of assets and liabilities, which can include market, income, and cost approaches.