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.

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Definitions:

Facilitating

The act of making a process easier or assisting in the execution of tasks and activities.

Attending to Others

The act of being present and fully engaged in listening and responding to the needs and concerns of others.

Clarifying Content

The process of making information, instructions, or content clearer and more comprehensible.

Arbitration

A form of dispute resolution where an impartial third party (the arbitrator) makes a binding decision to resolve a conflict between two or more parties.