Which of the Following Is True Regarding the Financial Statements

question 14

Multiple Choice

Which of the following is true regarding the financial statements of a private sector not-for-profit hospital?

• A) Revenues are measured using the accrual basis of accounting.
• B) Changes in net assets must be shown by net asset classification.
• C) The Statement of Cash Flows uses a three-category format.
• D) All of the above are true.