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

question 71

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: Received contributions restricted by donors for equipment acquisition.
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:

Multiple Approach-avoidance

A conflict involving a choice between two or more options, each having both desirable and undesirable aspects leading to vacillation between them.

Future of the Nation

Considerations and predictions about the development, prosperity, and well-being of a country in the coming years.

Area of Concern

A domain or issue that requires attention or is regarded as a subject requiring intervention or oversight.

Health Care

A broad field involving the provision of services to maintain or improve people's health through the prevention, diagnosis, treatment, and rehabilitation of illness and injury.