« previous next »

Author Question: Which of the following statements is generally true about the basis of accounting used by ... (Read 58 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
on: Jul 5, 2018
Which of the following statements is generally true about the basis of accounting used by governmental and not-for-profit hospitals?
 
  a. both use the full accrual basis of accounting
  b. both use the modified accrual basis of accounting
  c. governmental hospitals use the modified accrual basis of accounting and not-for-profit hospitals use the full accrual basis of accounting
  d. both use the full accrual basis of accounting; but governmental hospitals also prepare a second modified accrual basis operating statement

Question 2

The period of time that an asset is expected to help produce revenues is called its ___________________ _.
 Fill in the blank(s) with correct word


fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

useful life


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
True Forget-Me-Not True Forget-Me-Not
Neural Basis of Enhancement of Contrast Neural Basis of Enhancement of Contrast
Examples of Mission Statements Examples of Mission Statements
E9-23 Prepare income statements Explain the difference in operating income E9-23 Prepare income statements Explain the difference in operating income
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library