Which of the Following Statements Is Generally True About the Basis

question 28

Multiple Choice

Which of the following statements is generally true about the basis of accounting used by governmental and not-for-profit hospitals?

• A)both use the full accrual basis of accounting
• B)both use the modified accrual basis of accounting
• C)governmental hospitals use the modified accrual basis of accounting and not-for-profit hospitals use the full accrual basis of accounting
• D)both use the full accrual basis of accounting;but governmental hospitals also prepare a second modified accrual basis operating statement

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A social networking site that allows users to connect with friends and family, share content, and engage with various online communities.

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A social networking website launched in 2003 that allows users to create personal profiles, share music and photos, and connect with friends; it was once one of the most popular sites on the web but has since seen a decline in usership.

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Petrobras

A Brazilian multinational corporation in the petroleum industry that is among the largest energy firms in the world.