According to the AICPA Audit and Accounting Guide: Health Care

question 42

Multiple Choice

According to the AICPA Audit and Accounting Guide: Health Care Organizations,which of the following items should not be included in the determination of the performance indicator?

• A) Receipt of temporarily or permanently restricted contributions.
• B) Items requiring separate display (such as extraordinary items, discontinued operations, and the effect of changes in accounting principle).
• C) Both (a) and (b) above.
• D) Neither (a) nor (b) above.

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Definitions:

Maturity Date

The specified date on a financial instrument at which the principal (or final payment) is due to be paid.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.

Principal

The face amount of the note.

Promissory Note

A written promise to pay a specified sum of money to a designated person at a fixed or determinable future time.