Which of the Following Is Not True Regarding Accounting and Financial

question 93

Multiple Choice

Which of the following is not true regarding accounting and financial reporting for private not-for-profit hospitals?

• A) Expenses may be unrestricted or temporarily restricted depending on donor intent.
• B) Fund accounting is not required.
• C) The Statement of Cash Flows may use either the direct or indirect method.
• D) None of the above, all are true.

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Definitions:

Reduced Labour Costs

Refers to strategies or approaches implemented by organizations to decrease the expenses associated with employee compensation and benefits.

Lost Earnings

Potential income that was not earned due to a particular event or situation, such as an injury or job loss.

Flexible Working Hours

An arrangement that allows employees to choose their work hours within agreed limits, promoting work-life balance.

Remaining Work Day

The portion of the workday that is left after a certain time or after certain tasks have been completed.