What If Ruth Clark Hospital (Question 34)is a Governmental Hospital

question 11

Multiple Choice

What if Ruth Clark Hospital (Question 34) is a governmental hospital.How would the Ruth Clark Hospital report its interest in the Hospital Foundation and the contributions it received at the end of the first year?

• A)there is no difference in reporting fund-raising foundations between not-for-profit and governmental hospitals
• B)as cash of $900,000,unrestricted net position of $150,000,and restricted net position of $600,000
• C)it should present the Foundation as a discretely presented component unit (in a separate column)if the GASB standards for reporting it are met
• D)as interest in hospital foundation of $900,000 and contributions of $900,000,with net position separately displaying unrestricted from restricted contributions

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