The Equity Section of the Statement of Net Assets of a Private

question 20

Multiple Choice

The equity section of the Statement of Net Assets of a private not-for-profit hospital may contain which of the following descriptions?

• A) Fiduciary, Proprietary, and General.
• B) Nonspendable, Committed, Restricted and Assigned.
• C) Permanently Restricted, Temporarily Restricted, and Unrestricted.
• D) Invested in Capital Assets Net of Related Debt, Restricted, and Unrestricted.

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Definitions:

Points

Defined locations in space, often represented as coordinates in a geometric or algebraic context.

Linear Depreciation

A method of allocating the cost of a tangible asset over its useful life in a linear, or evenly spread, manner.

Depreciates

To decrease in value over time, typically used in reference to assets or property.

Bicycle

A human-powered, pedal-driven vehicle with two wheels attached to a frame, one behind the other.