The transactions listed in the following questions occurred in a private, not-for-profit hospital during 20X8. For each transaction, indicate its effect on the hospital's statement of operations for the year ended December 31, 20X8.Transaction: A gain was realized from the sale of endowment investments. The gain is not expendable.Effect on Statement of Operations:
A. The transaction is reported on the statement of operations, but there is no effect on operating income.
B. The transaction is not reported on the statement of operations.
C. Increases operating income.
D. Decreases operating income.
Answer: B
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The ______ provides guidelines for immediate actions and operations required to respond to an emergency or disaster.
A. cyber estimate B. emergency response plan C. computer monitor D. safety and security plan E. disaster relief effort
Nico is a passenger in a car driven by Owen, whose negligence causes an accident, injuring himself. Nico, uninjured, accompanies Owen to Parkside Hospital in an ambulance. The ambulance is hit by a car driven by Quin, injuring Nico. Nico files a suit against Owen, whose best defense is
A. assumption of risk. B. contributory negligence. C. negligence per se. D. superseding cause.
Corporate penalties for violating the FCPA include: A) fines of no more than $100,000
B) fines up to $2,000,000. C) revocation of the firm's license to do business in a foreign country. D) punitive damages. E)two of the above.
The cost of retained earnings is ________.
A) less than the cost of debt B) equal to the cost of a new issue of common stock C) equal to the cost of common stock equity D) irrelevant to the investment/financing decision