Which of the Following Is True Regarding the Reporting of Expenses

question 34

Multiple Choice

Which of the following is true regarding the reporting of expenses by private sector, not-for-profit hospitals?

• A) All expenses are considered reductions in unrestricted net assets.
• B) Expenses must be reported by natural i.e. salaries, supplies, etc. classification in the statements.
• C) Both a and b above.
• D) Neither a nor b above.