Which of the Following Statements Is Not True Regarding Generally

question 34

Multiple Choice

Which of the following statements is not true regarding generally accepted accounting principles (GAAP) applicable to health care organizations?

• A)Private hospitals follow guidance from the GASB.
• B)Public health care organizations follow guidance from the GASB.
• C)The AICPA Audit and Accounting Guide Health Care Organizations provides guidance for public,private,and for-profit health care entities.
• D)Both for-profit and not-for-profit health care organizations follow guidance from the FASB.

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Definitions:

Poise

The state of being balanced, graceful, and self-assured in manner or bearing.

Good Manners

The socially acceptable behaviors and actions that are considered polite and respectful in various social settings.

Perception Of Competence

The extent to which others believe an individual has the ability or skills to perform effectively.

Unspoken Rules

Implicit norms or conventions that are understood and followed by members of a community or society but are not formally documented.