Author Question: Which of the following statements is generally true about the basis of accounting used by ... (Read 158 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?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

For a complete list of videos, visit our video library