Which of the Following Is False Regarding Proprietary Fund Accounting

question 22

Multiple Choice

Which of the following is false regarding proprietary fund accounting?

• A) The economic resources measurement focus and accrual accounting are used.
• B) Capital assets are recorded in the accounts and depreciated over their useful lives.
• C) The Statement of Net Assets must be in a classified format, with current assets separated from noncurrent assets and current liabilities separated from noncurrent liabilities.
• D) In the Statement of Net Assets, the net assets are reported as either reserved or unreserved.

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Definitions:

Mechanical Ventilation

A healthcare procedure that employs a device to support or take over the natural process of breathing.

Endotracheal Tube

A flexible tube inserted through the mouth or nose into the trachea (windpipe) to maintain an open airway, facilitate breathing or administer anesthesia.

Auscultating

The act of listening to the internal sounds of the body, typically using a stethoscope, as part of a medical examination.

Incentive Spirometry

A respiratory therapy technique used to encourage patients to breathe deeply, preventing lung complications.