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Author Question: A nongovernment not-for-profit hospital presents all of the following financial statements, except ... (Read 22 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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Reply 2 on: Jul 5, 2018
:D TYSM

bbburns21

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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