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

question 36

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 cash contribution from donor who stipulated the contribution be permanently invested.
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:

Mentally Ill Chemical Abusers

Individuals who suffer from both mental health disorders and substance abuse issues, requiring integrated treatment approaches.

Homeless

The state of having no permanent residence, often resulting in living in shelters, on the streets, or in inadequate housing.

Overdiagnosed

The phenomenon where individuals are diagnosed with a condition or disease more often than is factual or warranted, potentially leading to unnecessary treatment or intervention.

Mentally Ill Chemical Abusers

Individuals who suffer from both a serious mental illness and a substance abuse disorder, requiring integrated treatment for both conditions.