Which of the Following Accounts Would Not Typically Be Found

question 70

Multiple Choice

Which of the following accounts would not typically be found on a health care organization's operating statement if that organization prepares it financial statements using functional presentation?

• A)​Nursing services expense
• B)​Salaries expense
• C)​Malpractice insurance expense
• D)​Other professional services expense​

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Definitions:

Economies Of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread out over more units of production.

Merger

The combination of two or more companies into a single entity, often with the goal of increasing market share, reducing costs, or gaining access to new markets or technologies.

Hard Objectives

Specific, quantifiable, and often financial goals that an organization aims to achieve.

Social Issues

Social issues refer to problems that influence a considerable number of individuals within a society.