In Accordance with the FASB Codification, Which of the Following

question 58

Multiple Choice

In accordance with the FASB Codification, which of the following would be an appropriate performance indicator for a not-for-profit health care organization?

• A) Revenues.
• B) Excess of revenues and gains over expenses and losses.
• C) Expenses and losses.
• D) Contributions to long-lived assets.

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Definitions:

Numerator

The top part of a fraction, representing the number of parts out of the whole indicated by the denominator.

Denominator

The number below the line in a fraction, representing the total number of equal parts the numerator is divided into.

Add fractions

The process of combining fractions by finding a common denominator and then summing the numerators to create a single fraction.