This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A nongovernment not-for-profit hospital presents all of the following financial statements, except ... (Read 67 times)

roselinechinyere27m

  • Hero Member
  • *****
  • Posts: 557
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

raili21

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

d


roselinechinyere27m

  • Member
  • Posts: 557
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Which of the following statements is true of linkage? Which of the following statements is true of linkage?
EMS personnel respond to emergencies and transport patients to the hospital. EMS personnel respond to emergencies and transport patients to the hospital.
How to use L'Hospital's Rule to find the limit of a function (Part 2) How to use L'Hospital's Rule to find the limit of a function (Part 2)
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Financial Management: Core Concepts Financial Management: Core Concepts
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
Video: Allergic Rhinitis

For a complete list of videos, visit our video library