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Author Question: A nongovernment not-for-profit hospital presents all of the following financial statements, except ... (Read 40 times)

roselinechinyere27m

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on: Jul 5, 2018
A nongovernment not-for-profit hospital presents all of the following financial statements, except
 
  A. A balance sheet.
  B. A statement of operations.
  C. A statement of activities.
  D. A statement of cash flows.

Question 2

After posting the second closing entry to the income summary account, the balance will be equal to
 a. zero
  b. owner's equity
  c. revenues for the period
  d. the net income or net loss for the period


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raili21

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


roselinechinyere27m

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  • Posts: 557
Reply 2 on: Jul 5, 2018
Great answer, keep it coming :)

ecabral0

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Reply 3 on: Yesterday
Wow, this really help

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