Author Question: Which of the following statements is generally true about the basis of accounting used by ... (Read 60 times)

clippers!

  • Hero Member
  • *****
  • Posts: 828
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
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
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

For a complete list of videos, visit our video library