Author Question: The fair market value of a government hospital's investments that are restricted for future capital ... (Read 88 times)

imowrer · **on:** Jul 5, 2018

The fair market value of a government hospital's investments that are restricted for future capital needs increased by 7,000 . As of the end of the fiscal year,

A. Nonoperating gains will increase by 7,000.
B. General revenue will increase by 7,000.
C. This change in market value will not be reported unless the assets are sold.
D. Other financing sources will increase by 7,000.

Question 2

Revenues decrease owner's equity.
a. True
b. False
Indicate whether the statement is true or false