Where does a nongovernmental not-for-profit health care entity report increases that have occurred in its net assets with donor restrictions?
A. Balance sheet.
B. Statement of operations.
C. Similar to governmental health care entities, it would not report the change on the face of a financial statement.
D. Statement of changes in net assets.
Answer: D
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The worksheet
A) is an integral part of the accounting cycle B) eliminates the need to rewrite the financial statements C) is a working paper that is required D) is used to summarize account balances and adjustments for the financial statements
Which of the following accounts is not a temporary account?
a. Income Summary b. Delivery Fees c. Capital d. Drawing e. Depreciation Expense - Office Equipment
The numerical value of the standard deviation can never be
a. larger than the variance. b. zero. c. negative. d. smaller than the variance.
What is the value of the project if the true probabilities are used and the appropriate one period risk adjusted discount rate is used (assume the $80 annual cost does not exist)?
A) $169.65 B) $201.42 C) $233.73 D) $288.64