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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 tuition revenue from hospital nursing program and cash from sales of goods in the hospital gift shop.
Effect on Statement of Operations:
Psychotropics
Drugs that affect a person's mental state and are used to treat psychological disorders.
Mental Dysfunction
A broad term that refers to abnormalities in cognitive, emotional, or behavioral functioning.
Antipsychotic Drug
Medications used to manage psychosis, including hallucinations, delusions, schizophrenia, and bipolar disorder, by affecting neurotransmitter levels in the brain.
Stimulant Drug
A substance that increases the activity of the central nervous system.
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