Which of the Following Is True Regarding Accounting and Financial

question 80

Multiple Choice

Which of the following is true regarding accounting and financial reporting for not-for-profit health care organizations?

• A) Charity care is reported as operating revenue at the normal and customary rate and bad debt expense is reported for an equal amount.
• B) Contractual adjustments with insurance companies are reported as a reduction in patient service revenue.
• C) Both a and b above.
• D) Neither a nor b above.

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Definitions:

Intrinsic Motivation

The drive to engage in activities for their own sake because they are interesting and satisfying in and of themselves, not for some separable consequence.

Extrinsic Motivation

The drive to perform actions due to external rewards or pressures rather than for intrinsic satisfaction.

Sensation-Seeking

A trait describing the tendency to seek out novel, varied, complex, and intense sensations and experiences, and the willingness to take physical, social, legal, and financial risks for such experiences.

Extrinsic Motivation

Motivation driven by external rewards such as money, fame, grades, and praise.