The Difference Between Accounting for Private Not-For-Profit Hospitals and Government-

question 79

Multiple Choice

The difference between accounting for private not-for-profit hospitals and government- owned hospitals is:

• A) Government owned hospitals do not have to prepare a Statement of Cash Flows.
• B) Government owned hospitals do not have to record depreciation.
• C) The equity accounts have different titles and definitions.
• D) All of the above.

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Definitions:

Bill of Rights

The first ten amendments to the United States Constitution, guaranteeing fundamental rights and protections to American citizens.

Framers

The group of individuals who played a significant role in designing and establishing the U.S. Constitution.

Constitution

The fundamental set of principles and established precedents according to which a state or other organization is governed.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, granting citizenship to all persons born or naturalized in the United States and guaranteeing all citizens “equal protection of the laws.”