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
Question 2
A collection of data representing multiple occurrences of a resource, event, or agent is known as a relation.
Indicate whether the statement is true or false
