The Transactions Listed in the Following Questions Occurred in a Private,not-For-Profit

question 89

Multiple Choice

The transactions listed in the following questions occurred in a private,not-for-profit hospital during 20X8.For each transaction,indicate its effect on the hospital's statement of operations for the year ended December 31,20X8.
-Transaction: A gain was realized from the sale of endowment investments.The gain is not expendable.
Effect on Statement of Operations:

• A)Increases operating income.
• B)Decreases operating income.
• C)The transaction is reported on the statement of operations,but there is no effect on operating income.
• D)The transaction is not reported on the statement of operations.

---

Definitions:

Presenter View

A display mode in presentation software that shows the current slide, notes, and a preview of the next slide to the presenter.

Slides

Individual pages in a presentation software that contain text, images, and other media to convey information.

Status Bar

A graphical control element at the bottom of a window that displays information about the current state of the application or document.

Align Left

A text formatting option that aligns text to the left margin of a document or text box, creating a straight line on the left side while the right side remains jagged.